Summary
FAN Chart
US-Iran war spurs Europe, Asia to boost renewables
Six months into the U.S.-Israeli war with Iran, governments across Europe and Asia are scrambling to accelerate a renewables build-out in a bid to cut dependence on fossil fuel imports, providing a fresh impetus to the global energy transition.
FAN: Significant Headwinds Will Challenge This Fund's Rebound
First Trust Global Wind Energy ETF (FAN) receives a hold rating due to persistent industry headwinds despite improving fundamentals in top holdings. FAN faces challenges from elevated interest rates, inflation, global competition—especially from China—and volatile steel prices impacting wind turbine costs. FAN's high expense ratio (0.60%), low dividend yield (0.99%), and high turnover (34%) further erode its long-term return potential.
EU curbs on Chinese inverters risk slowing solar rollout over security fears
The European Union's ban on public funding for Chinese-made solar inverters could affect more than a fifth of new solar capacity, exposing a growing tension between energy security fears and the bloc's race to meet climate targets.
First Trust Global Wind Energy ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
 Curtis Ellergodt Rothschild Investment LLC | 18 | $297 | $422.1 | $125.1 | 42.12% |
| BZ Brandon Zatopek Commonwealth Equity Services LLC | 70,777 | $1.77M | $1.7M | -$69,372 | -3.92% |
| PN Peter Nicholson First Bancorp Inc. /ME/ | 500 | $12,490 | $11,845 | -$645 | -5.16% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 2,310 | $49,517.81 | $55,255.2 | $5,737.39 | 11.59% |
| NA Nizar Araji National Bank Of Canada /FI/ | 7,907 | $137,768.52 | $189,744.28 | $51,975.76 | 37.73% |
First Trust Global Wind Energy ETF (FAN) FAQ
What is the stock price today?
On which exchange is it traded?
What is its stock symbol?
Does it pay dividends? What is the current yield?
What is its market cap?
Has First Trust Global Wind Energy ETF ever had a stock split?
First Trust Global Wind Energy ETF Profile
| ARCA Exchange | US Country |
Overview
The fund is an investment entity that primarily focuses on the wind energy sector, making it an attractive option for investors interested in renewable energy sources. By committing at least 90% of its net assets, which includes funds obtained through investment borrowings, to common stocks and depositary receipts encompassing the index, it offers a targeted investment approach. This index serves as a comprehensive benchmark, tracking the performance of public companies worldwide that are actively involved in the wind energy industry. The criteria for a company's inclusion in the index are stringent, requiring active engagement in any facet of the wind energy sector. Despite its concentrated focus on wind energy, it's important to note that this fund is classified as non-diverse, meaning it invests in a limited number of assets which may lead to higher risk compared to diversified funds.
Products and Services
- Investment in Wind Energy Stocks and Depositary Receipts
This product focuses on investing in common stocks and depositary receipts of companies included in the wind energy index. It targets firms globally that are significantly involved in the wind energy sector, spanning from manufacturing and supplying wind turbines to providing maintenance and support services. The investment strategy is designed to capitalize on the growth of the wind energy industry by investing in companies with a substantial involvement in this renewable energy source.
- Wind Energy Industry Index Benchmarking
The service offers investors a benchmark to track the performance of companies active in the wind energy sector worldwide. This includes a diverse range of businesses contributing to the development and advancement of wind energy technologies. The benchmarking tool is crucial for investors looking to gauge the fund's performance against an industry-specific index, ensuring its alignment with the growth dynamics of the wind energy sector.
