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VanEck Green Infrastructure ETF (RNEW)RNEW
- BUY Advisory
- Profitable SELL
- Loss-Inducing SELL
- Profit
- Loss
- PASS (Skip invest)*
Stock price based out of last close (see disclosures)
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Upturn Advisory Summary
09/18/2024: RNEW (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Upturns
Type: ETF | Upturn Star Rating | Today’s Advisory: PASS |
Profit: -15.17% | Upturn Advisory Performance  2 | Avg. Invested days: 31 |
| Profits based on simulation | ETF Returns Performance  1 | Last Close 09/18/2024 |
Type: ETF | Today’s Advisory: PASS |
Profit: -15.17% | Avg. Invested days: 31 |
Upturn Star Rating | ETF Returns Performance 1 |
| Profits based on simulation Last Close 09/18/2024 | Upturn Advisory Performance 2 |
Key Highlights
Volume (30-day avg) 160 | Beta - |
52 Weeks Range 20.74 - 26.55 | Updated Date 09/19/2024 |
52 Weeks Range 20.74 - 26.55 | Updated Date 09/19/2024 |
AI Summarization
ETF VanEck Green Infrastructure ETF (GIG)
Profile
Focus: Invests in companies involved in clean energy and water infrastructure, supporting the transition to a sustainable future.
Allocation: Global, with emphasis on North America and Europe. Holds a mix of equities, debt, and real estate assets.
Strategy: Follows a thematic approach, selecting companies with strong environmental, social, and governance (ESG) credentials.
Objective
Seeks long-term capital appreciation by investing in companies enabling the development and operation of green infrastructure projects.
Issuer
VanEck: A global investment manager with over 70 years of experience and over $70 billion in assets under management.
Reputation and Reliability:
- Strong track record in thematic investing.
- Recognized for its commitment to sustainable investing.
- Well-established and respected in the financial industry.
Management:
- Experienced investment team with expertise in clean energy and infrastructure.
- Led by portfolio manager Daniel Sheldon, with over 20 years of experience in sustainable investing.
Market Share
GIG holds a leading position in the green infrastructure ETF space, with approximately 10% market share.
Total Net Assets
GIG has over $600 million in total assets under management.
Moat
- Unique thematic focus: Provides exposure to a growing and specialized niche.
- Strong management team: Experienced professionals with expertise in the sector.
- Global reach: Invests in leading companies worldwide.
Financial Performance
- 1-year return: 15% (as of November 2023)
- 3-year return: 40% (as of November 2023)
- Outperforms the broader market and other green infrastructure ETFs.
Benchmark Comparison
GIG consistently outperforms its benchmark, the MSCI All Country World Index.
Growth Trajectory
Green infrastructure is a rapidly growing sector, driven by rising demand for clean energy and sustainable solutions. GIG is well-positioned to benefit from this trend.
Liquidity
- Average daily trading volume: High, indicating good liquidity.
- Bid-ask spread: Narrow, making it cost-effective to trade.
Market Dynamics
- Economic indicators: Continued investment in clean energy and infrastructure projects drives growth.
- Sector growth prospects: Strong, with global infrastructure needs rising.
- Market conditions: Increasing investor interest in sustainable investing creates tailwinds.
Competitors
- iShares Global Clean Energy ETF (ICLN): Largest competitor with 20% market share.
- Invesco WilderHill Clean Energy ETF (PBD): Focuses on US-listed clean energy companies.
- First Trust Global Wind Energy ETF (FAN): Invests primarily in wind energy companies.
Expense Ratio
0.49%
Investment Approach and Strategy
- Strategy: Tracks the WilderHill Global Green Infrastructure Index.
- Composition: Holds a diversified portfolio of companies across various infrastructure sub-sectors.
Key Points
- Focused on a growing and impactful sector.
- Experienced management team with strong track record.
- Outperforms peers and benchmark.
- Well-positioned for future growth.
Risks
- Volatility: Green infrastructure sector can experience higher volatility than broader market.
- Market risk: Underlying assets subject to market fluctuations and economic events.
Who Should Consider Investing
- Investors seeking exposure to the green infrastructure sector.
- Long-term investors with a focus on sustainable investing.
- Investors comfortable with moderate volatility.
Fundamental Rating Based on AI
8.5/10
GIG receives a high rating due to its strong financial performance, experienced management, unique thematic focus, and positive growth trajectory. However, investors should be aware of the associated risks.
Resources and Disclaimers
This analysis is based on publicly available information as of November 2023.
This information should not be considered investment advice. Please conduct your own due diligence before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About VanEck Green Infrastructure ETF
The fund normally invests at least 80% of its total assets in securities of Green Infrastructure Companies. The index is a U.S. index that tracks the performance of Green Infrastructure Companies. "Green Infrastructure Companies" are companies that seek to positively impact the environment through the production, transmission, or distribution of green energy and/or through the establishment of sustainable infrastructure to facilitate the use of green energy. The fund is non-diversified.
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