Despite $295 million in outflows in the last 30 days, Solar ETFs generated a combined +19% gains after investors recently shifted to clean energy stocks amid rising fossil fuel prices. Gains were further boosted by the COP26 summit which emphasized on the need for more renewables in the energy mix.
Solar ETFs have $3.88 billion in combined assets and comprises Invesco Solar ETF (TAN), Invesco Solar Energy UCITS ETF (SOLR), HANetf Solar Energy UCITS ETF (TANP) and Global X Solar ETF (RAYS), which gained +18.8%, +24%, +19.34% and +15.73% respectively over a month period.
The Invesco Solar ETF or TAN is the oldest and largest Solar ETF in the market with $3.86 billion in assets. The fund invests in companies involved in the global solar technology industry. This includes companies involved in solar power production, the integration of solar into energy systems, and the manufacturing of solar-powered generators (engines, batteries, and other technologies related to the utilization of solar as an energy source).
In terms of country allocation, the United States (56%) has the lion's share, followed by China (17%), Spain (6%) and Germany (3.6%). The IT Sector has an allocation of 57%, followed by Utilities (21%) and Industrials (17.13%).
TAN's 53 holdings include Enphase Energy Inc (13.47%), SolarEdge Technologies Inc (11.43%), Sunrun Inc (7.32%), First Solar Inc (6.49%) and Xinyi Solar Holdings Ltd (5.37%) among other.
Between September 30th, 2011 and September 30th, 2021, a $10,000 investment in TAN who have turned into $32,918 (+230%). The fund trades primarily on the NYSE Arca and charges an annual fee of 0.69%.
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