Guinness Atkinson Funds - SmartETFs Sustainable Energy II ETF (SULR)

Overview

The Guinness Atkinson Funds - SmartETFs Sustainable Energy II ETF (RNWZ) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Indxx Renewable Energy Production & Storage Index. It focuses on companies involved in renewable energy production and energy storage solutions.

Reputation and Reliability

Guinness Atkinson Funds is a smaller fund family known for thematic investing. Their reputation is growing, but they don't have the same long-standing track record as larger ETF providers.

Management Expertise

The management team has experience in thematic investing, specifically in energy-related sectors.

Goal

To track the performance of the Indxx Renewable Energy Production & Storage Index, reflecting the returns of companies involved in renewable energy and energy storage.

Investment Approach and Strategy

Strategy: The ETF aims to replicate the Indxx Renewable Energy Production & Storage Index.

Composition Primarily holds stocks of companies engaged in the production and storage of renewable energy, including solar, wind, and battery technologies.

Market Share: RNWZ has a relatively small market share compared to the broader clean energy ETF market.

Total Net Assets (AUM): 22474653

Key Competitors

• ICLN
• TAN
• QCLN

Competitive Landscape

The renewable energy ETF market is competitive. RNWZ competes with larger, more established ETFs. RNWZ's advantages might lie in its specific index and focus, potentially offering a slightly different exposure than broader renewable energy ETFs. However, its lower AUM and trading volume can be disadvantages.

Historical Performance: Historical performance data requires specific date ranges, which cannot be dynamically provided. Please refer to financial data providers for specific performance metrics.

Benchmark Comparison: Benchmark comparison requires specific performance data and index values, which cannot be dynamically provided. Refer to financial data providers.

Expense Ratio: 0.58

Average Trading Volume

The ETF's average trading volume is moderate, indicating adequate liquidity for typical trading activities.

Bid-Ask Spread

The bid-ask spread is generally tight, suggesting relatively low transaction costs.

Market Environment Factors

Economic indicators such as interest rates, government policies supporting renewable energy, and technological advancements influence RNWZ. Sector growth prospects depend on the adoption of clean energy technologies.

Growth Trajectory

The growth trajectory is tied to the broader adoption of renewable energy technologies and supportive policies. Changes in strategy and holdings are subject to fund management decisions based on the underlying index methodology.

Competitive Edge

RNWZ's competitive edge lies in its focus on both renewable energy production and energy storage. This combination allows investors to capture both the generation and storage aspects of clean energy. This differs from some ETFs that focus primarily on production. The ETF aims to deliver returns aligned with the Indxx Renewable Energy Production & Storage Index. Although the ETF is relatively small, it may provide a targeted approach for investors seeking exposure to renewable energy and energy storage.

Volatility

RNWZ's historical volatility is likely to be moderate to high, given the growth-oriented nature of the renewable energy sector.

Market Risk

Specific risks include regulatory changes, technology obsolescence, and commodity price fluctuations affecting the profitability of renewable energy companies.

Ideal Investor Profile

The ideal investor is one who seeks exposure to the renewable energy and energy storage sectors and understands the associated risks. Suitable for investors with a long-term horizon and a belief in the growth of clean energy.

Market Risk

RNWZ may be suitable for long-term investors seeking exposure to a growing sector, but less suited for short-term traders due to potential volatility.

The Guinness Atkinson Funds - SmartETFs Sustainable Energy II ETF (RNWZ) focuses on companies in renewable energy production and storage, tracking the Indxx Renewable Energy Production & Storage Index. It offers targeted exposure to this sector, differentiating itself through its focus on both production and storage. However, its small size compared to competitors poses a challenge. RNWZ is suitable for investors who believe in long-term clean energy growth. Its performance is sensitive to regulatory and technological changes in the renewable energy sector.

Data Sources:

• ETF.com
• Morningstar
• SmartETFs website
• Indxx

Disclaimers:

The data provided is for informational purposes only and should not be considered financial advice. Investment decisions should be based on individual circumstances and consultation with a qualified financial advisor. Market data is subject to change.