Global X CleanTech
CTEC (NASDAQ)
Global X CleanTech (CTEG) is a global ETF on the London Stock Exchange, targeting companies that enhance the efficiency of renewable energy technologies, all while maintaining a low fund fee of 0.50%. With a solid 1-year return of 84.19%, it presents an attractive option for investors looking to capitalize on the growing clean technology sector, despite a challenging 5-year return of -55.99%. Additionally, the fund offers a modest dividend yield of 0.75%, providing investors with some income alongside potential growth.
Pros:
- Invests in companies improving renewable energy efficiency
- Strong recent performance
Cons:
- Negative 5-year return
- High beta indicating volatility
Global X CleanTech (CTEC) may be suitable for investors with a high-risk tolerance who are looking to capitalize on the rapidly evolving clean technology sector, particularly given its impressive 1-year return. However, potential investors should carefully consider the significant volatility reflected in its 5-year performance before committing capital.