Overview
Description
The First Trust NASDAQ Clean Edge Green Energy Index Fund is an exchange-traded fund designed to track the performance of companies that are leaders in the clean energy sector. This fund primarily invests in public equity markets, focusing on companies engaged in manufacturing, developing, distributing, and installing clean-energy technologies. Its portfolio spans a diverse array of industries, including solar photovoltaics, wind power, advanced batteries, fuel cells, and electric vehicles, which highlights its commitment to companies advancing environmental responsibility and technological innovation.
By replicating the NASDAQ Clean Edge Green Energy Index, the fund includes holdings from a range of market capitalizations and invests in both growth and value stocks. Notable companies represented in its holdings are major players such as Tesla, First Solar, Rivian Automotive, and ON Semiconductor, reflecting the fund's emphasis on disruptive technologies in renewable energy and electrification. The fund’s sector allocation spans technology, consumer discretionary, industrials, and utilities, underscoring its broad approach within the evolving clean energy landscape. This ETF plays a significant role in thematically aligning investment exposure to the global energy transition and the increasing demand for sustainable solutions.
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Instrument type
ETF
Country
United Kingdom
MIC code
XLON