Fidelity is the issuer of the FRNW Fidelity Clean Energy ETF. This ETF is designed to provide investors with exposure to the clean energy sector. Launched on October 5, 2021, the FRNW ETF tracks the Fidelity Clean Energy Index - Benchmark TR Net. Falling under the Alternative Energy Equities category, it offers a thematic focus on renewable energy within the global energy sector. With an expense ratio of 0.39%, Fidelity ensures that the ETF's strategy and holdings align with its objective of tapping into the clean energy market. As the ETF landscape continues to evolve, issuers like Fidelity play a crucial role in offering diverse and tailored investment options to cater to varying investor needs and goals.
While the FRNW ETF (FRNW) is primarily designed for investors seeking exposure to a specific market sector or theme, it occasionally distributes dividends based on the performance of its underlying assets. The dividend eligibility of FRNW depends on the income generated by the ETF's holdings, and distributions are typically made on a semi-annual or annual basis. Investors should review the ETF's prospectus and dividend policy for detailed information on dividend distribution, as it can vary depending on market conditions and the ETF's investment strategy.
Tracking the Fidelity Clean Energy IndexSM is the primary objective of the FRNW ETF. This exchange-traded fund aims to invest at least 80% of its assets in securities included in the Fidelity Clean Energy IndexSM and depositary receipts representing such securities. The index is carefully designed to mirror the performance of companies worldwide that are involved in the distribution, production, or technology and equipment provision for renewable energy sources like solar, wind, hydrogen, and others. Additionally, the fund engages in securities lending to generate income, making it an attractive option for investors seeking exposure to the clean energy sector.
Understanding the correlation of the RFNW ETF is essential for investors aiming to diversify their portfolios or hedge against specific market risks. While the exact correlation details of RFNW with broader markets or specific sectors might vary, it's crucial to analyze these relationships for informed investment decisions. With ETF insider's web app, investors can delve deep into the correlations, overlaps, and other intricate data points for RFNW and other US ETFs, offering a comprehensive view through its intuitive visualization tools.
The RFNW ETF primarily focuses on the financial sector, emphasizing companies that operate within the realm of real estate, banking, and insurance. This sector-specific approach allows investors to gain exposure to the dynamics and growth potential of the financial industry. Given the cyclical nature of the financial sector, RFNW offers both opportunities and challenges, making it essential for investors to understand the underlying trends and risks associated with this industry.
The exposure profile of the Fidelity Real Estate Investment ETF (FRNW) primarily centers around the real estate sector, specifically targeting companies that engage in the distribution, production, or provision of technology and equipment to support renewable energy sources like solar, wind, and hydrogen. This ETF is designed to mirror the performance of a broad range of global companies involved in clean energy production, offering investors an opportunity to participate in the growing renewable energy market. For detailed insights into FRNW's exposure, including sector allocations, geographical breakdowns, and correlations, ETF Insider's web app provides a comprehensive and user-friendly visualization tool, helping investors make informed decisions and identify potential overlaps and correlations within their portfolios.
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4 min readThe FRNW ETF is a specialized investment fund that focuses on global companies in the relevant sectors. This exchange-traded fund offers investors exposure to a diverse range of innovative and cutting-edge companies engaged in advancements in the industry. Discover the potential growth opportunities and risks associated with investing in this dynamic sector through the FRNW ETF.
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