Listed November 12, 2020
The Sustainable Energy II ETF invests, under normal conditions, at least 80% of its net assets (plus any borrowings for investment purposes) in publicly-traded equity securities of sustainable energy companies (both U.S. and non-U.S.). The Fund will invest in companies that the Adviser considers to be Sustainable Energy companies, which are companies that, in the Advisers view, generate, produce or provide alternative or renewable sources of energy (as compared to more traditional sources of energy that can be environmentally depletive, such as fossil fuels like oil or coal or other hydrocarbon-based fuels), or that produce, generate, transport, or deliver energy or energy applications in a way that makes alternative or renewable energy more efficient or accessible or reduces the use of environmentally depletive energy resources.
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The time for sustainable energy is here and the SmartETFs Sustainable Energy II ETF (SULR) seeks to capitalize on the coming shift to sustainable energy.
Sustainable Energy is now cheaper than conventional energy with solar electricity being the cheapest form of electricity in history (Bloomberg New Energy Finance). This low cost of sustainable energy will accelerate the switch to clean, sustainable energy. In addition, the political will to confront global warming has arrived with the US (Biden Clean Energy Plan), China, the EU and Japan all seeking to shift to clean, sustainable energy in an effort to reduce carbon emissions. Government action is a possible accelerant but the driving force is the economics that will drive the shift to clean, sustainable energy.
The SmartETFs Sustainable Energy II ETF is actively managed, fully transparent and invests in 30 roughly equally weight holdings on a global basis.