ALPS Clean Energy (ACES)

Overview

ALPS Clean Energy ETF (ICLN) focuses on global clean energy companies involved in renewable energy production, technology, and equipment. It aims to provide investment results that correspond generally to the price and yield performance of the CIBC Atlas Clean Energy Index. The ETF invests in companies across various market capitalizations and aims for a diversified portfolio within the clean energy sector.

Reputation and Reliability

ALPS is a well-established ETF provider with a history of creating and managing specialized investment products. They are known for their thematic ETFs and have a solid reputation within the industry.

Management Expertise

ALPS has a team of experienced professionals managing their ETFs, with expertise in portfolio management, research, and trading. Their focus on thematic investing and specialized sector knowledge contributes to their management capabilities.

Goal

The investment objective of the ALPS Clean Energy ETF is to provide investment results that correspond generally to the price and yield performance of the CIBC Atlas Clean Energy Index.

Investment Approach and Strategy

Strategy: The ETF tracks the CIBC Atlas Clean Energy Index, a benchmark that measures the performance of global companies in the clean energy sector.

Composition The ETF holds a diversified portfolio of stocks of companies involved in clean energy production, technology, and equipment, spanning across various geographies and market capitalizations. The assets include companies focused on solar, wind, hydro, and other renewable energy sources.

Market Share: ICLN's market share fluctuates but is a significant player among clean energy ETFs.

Total Net Assets (AUM): 2440000000

Key Competitors

• TAN
• QCLN
• FAN

Competitive Landscape

The clean energy ETF market is competitive, with several ETFs vying for investor capital. ICLN's advantage lies in its broad global exposure and established track record. However, it faces competition from more specialized ETFs like TAN (solar) and QCLN (cleantech innovators). ICLN's total cost is higher than several competitors, but ICLN is more liquid than TAN or QCLN. As with all ETFs, fund size does not guarantee future fund performance.

Historical Performance: Historical performance data unavailable in this format.

Benchmark Comparison: Benchmark comparison data unavailable in this format.

Expense Ratio: 0.0042

Average Trading Volume

ICLN exhibits high liquidity, which ensures ease of trading and tighter bid-ask spreads.

Bid-Ask Spread

ICLN generally maintains a tight bid-ask spread, reflecting its high trading volume.

Market Environment Factors

ICLN's performance is influenced by factors such as government policies supporting renewable energy, technological advancements in clean energy, and global energy demand. Macroeconomic conditions and investor sentiment toward ESG (Environmental, Social, and Governance) investing also play a role.

Growth Trajectory

ICLN's growth trajectory is closely linked to the expansion of the clean energy sector globally. Changes in government regulations, technological breakthroughs, and shifts in investor preferences can drive fluctuations in its holdings and performance.

Competitive Edge

ICLN's competitive edge stems from its global diversification and exposure to a broad range of clean energy technologies. Unlike more focused ETFs, ICLN offers a comprehensive approach to investing in the clean energy sector. Its established track record and relatively large AUM also contribute to its attractiveness. However, with more niche clean energy investment companies emerging, ICLN needs to adapt its portfolio holdings to make sure it does not become too general to compete.

Volatility

ICLN's volatility can be influenced by the volatility of the underlying clean energy sector, government policies, and market sentiment towards renewable energy. Overall the fund performance tends to be more volatile than the market.

Market Risk

The primary market risk associated with ICLN is sector-specific risk, as the clean energy sector can be sensitive to changes in government policies, technological disruptions, and commodity prices.

Ideal Investor Profile

The ideal investor for ICLN is one seeking exposure to the global clean energy sector and is comfortable with sector-specific risk. Investors who believe in the long-term growth potential of renewable energy may find ICLN suitable.

Market Risk

ICLN is best suited for long-term investors who are bullish on the clean energy sector and are willing to accept the potential volatility associated with it.

ALPS Clean Energy ETF (ICLN) is a globally diversified ETF focused on clean energy companies. It tracks the CIBC Atlas Clean Energy Index and provides investors with exposure to a broad range of renewable energy technologies. While it offers diversification within the sector, investors should be aware of its sector-specific risk and potential volatility. ICLN suits long-term investors bullish on renewable energy, although several smaller more focused ETFs are starting to compete with ICLN's broader approach.

• TAN
• QCLN
• FAN
• ACES
• PBW
• CNRG

Data Sources:

• ALPS ETF Website
• ETF.com
• Morningstar
• Bloomberg

Disclaimers:

The data and analysis provided are for informational purposes only and should not be considered investment advice. Past performance is not indicative of future results. Market conditions and fund specifics can change over time.