Global X Renewable Energy Producers

ETF description

This ETF invests in companies that focus on renewable energy, such as those involved in the production and development of clean energy technologies like wind, solar, and hydroelectric power. The fund targets businesses that are working to reduce the world’s dependence on fossil fuels and transition towards more sustainable energy sources. By investing in companies across the renewable energy spectrum, this ETF aims to capture the growth potential of industries focused on cleaner alternatives to traditional energy.

Investors who are concerned about environmental sustainability or those looking to align their portfolios with the global shift towards greener energy might find this ETF appealing. It offers exposure to companies at the forefront of the renewable energy transition, which could benefit from growing demand for clean energy solutions as governments and industries work to meet climate targets.

Issuer details

Global X ETFs is a leading provider of specialized thematic and sector‑specific ETFs, with over $50 billion in assets under management as of June 2024. As a subsidiary of Mirae Asset Global Investments, Global X focuses on thematic investing. Founded in 2008 by Bruno del Ama, Global X ETFs is known for its focus on niche and innovative investment themes, allowing investors to access areas of the market experiencing rapid growth and transformation. Notable ETFs include the Global X Robotics & Artificial Intelligence ETF (BOTZ) and the Global X Lithium & Battery Tech ETF (LIT), reflecting Global X’s commitment to providing exposure to cutting‑edge industries and trends.

Index details

The Indxx Renewable Energy Producers Index is designed to track the performance of companies that produce energy from renewable sources such as wind, solar, hydroelectric, geothermal, and biofuels.