FAN ISSUER
The First Trust Global Wind Energy ETF (FAN) is managed and issued by First Trust. FAN seeks to replicate the performance of the Nasdaq Global Wind Energy Index, which is developed, maintained, and sponsored by Nasdaq, Inc., the Index Provider. This ETF provides investors with exposure to companies actively engaged in various aspects of the wind energy industry, including wind farm development, electricity generation from wind power, and the manufacturing of wind energy-related machinery and materials. The Index has specific eligibility criteria, including a minimum market capitalization of $100 million, minimum trading volume requirements, and a focus on Pure Play and Diversified companies, ensuring representation of both specialized and diversified players in the wind energy sector. The Invesco Wind Energy ETF follows a semi-annual rebalancing and reconstitution schedule to align with changes in the Index, providing investors with a dynamic and well-rounded investment option in the renewable energy sector.
FAN DIVIDEND
The First Trust Global Wind Energy ETF (FAN) may not be primarily focused on dividends, but it aligns with the dividend distribution of the underlying Nasdaq Clean Edge Global Wind Energy Index. Dividends from FAN are typically distributed on a periodic basis, influenced by the dividend policies and performance of the wind energy companies within the index. To be eligible for inclusion in the index, a security must be issued by a company actively engaged in the wind energy industry, meet specific market capitalization and trading volume criteria, and be listed on an eligible global exchange. This ETF provides investors with exposure to both capital appreciation and potential dividend returns in the renewable energy sector.
FAN TRACKING
Tracking the Global Wind Energy Industry is the primary objective of the First Trust Global Wind Energy ETF (FAN). FAN seeks to replicate the performance of the Nasdaq Wind Index, an index developed and maintained by Nasdaq, Inc. To be included in the index, securities must be issued by companies actively involved in the wind energy sector, including wind farm development, electricity production from wind power, and wind energy-related machinery or materials. The index is divided into Pure Play companies, with a focus on wind energy, and Diversified companies, engaged in various aspects of the wind energy industry. FAN provides investors with a way to gain exposure to this growing global industry while maintaining diversification and index tracking.
FAN CORRELATION
The correlation aspect of the First Trust Global Wind Energy ETF (FAN) primarily reflects its close relationship with the wind energy sector. As FAN seeks to replicate the performance of the Nasdaq Global Wind Energy Index, it exhibits a high correlation with companies involved in various aspects of the wind energy industry. This strong correlation makes FAN a valuable tool for investors interested in gaining exposure to this specific sector, allowing them to track and analyze the performance of global wind energy companies. To explore FAN's correlations with other assets or sectors, investors can leverage ETF Insider's web app, which provides comprehensive and visually intuitive data, aiding in informed investment decisions and highlighting potential market overlaps.
FAN SECTOR
The First Trust Global Wind Energy ETF (FAN) primarily focuses on the wind energy sector, with an emphasis on companies actively involved in various aspects of this industry. This includes businesses engaged in wind farm development, electricity generation from wind power, and the manufacturing of machinery and materials designed for the wind energy sector. The ETF's index, developed and sponsored by Nasdaq, Inc., places a 60% weight on Pure Play companies, which derive a significant portion of their revenue and assets from wind-related activities, ensuring strong representation for specialized firms. The remaining 40% of the index is allocated to Diversified companies in the wind energy industry. Please note that investing in this concentrated sector may carry higher risks associated with the wind energy industry and may be subject to market fluctuations.
FAN EXPOSURE
The exposure profile of the First Trust Global Wind Energy ETF (FAN) reflects its commitment to the wind energy industry on a global scale. FAN seeks to replicate the performance of the Nasdaq Wind Energy Index, composed of companies actively engaged in various aspects of the wind energy sector. This ETF provides investors with a targeted opportunity to participate in the growth and sustainability of the renewable energy market, with a particular focus on companies contributing to wind power generation and related activities. For a deeper analysis of FAN's exposure, including overlap and correlations with other assets, consider using ETF Insider's web app, which offers comprehensive data visualization and insights for US ETFs.