(RNEW) VanEck Green Infrastructure - Ratings and Ratios

The VanEck Green Infrastructure ETF (RNEW) is designed to provide exposure to companies engaged in the development and operation of green infrastructure. The fund typically allocates at least 80% of its assets to securities of Green Infrastructure Companies, which are defined as businesses that contribute to environmental sustainability through the production, transmission, or distribution of green energy, or by building infrastructure that supports the adoption of renewable energy sources. This includes companies involved in renewable energy generation (e.g., solar, wind), energy storage, grid modernization, and sustainable infrastructure projects. The fund is non-diversified, meaning it may concentrate its holdings in a smaller number of securities, which can lead to higher volatility compared to diversified funds. The ETF tracks a U.S.-focused index that measures the performance of such companies.

From a technical perspective, RNEW has shown a relatively stable price pattern, with its last price of $23.89 closely aligned with its 20-day moving average of $23.85. However, it is slightly below its 50-day moving average of $24.83, indicating potential short-term weakness. The 200-day moving average of $24.80 suggests that the fund has been trading sideways over the longer term. The Average True Range (ATR) of 0.30 points to relatively low volatility, which may appeal to risk-averse investors. The average daily trading volume of 1000 shares indicates limited liquidity, which could lead to larger bid-ask spreads during periods of low trading activity.

Fundamentally, RNEW has assets under management (AUM) of $1.78 million, which is relatively small compared to other ETFs in the infrastructure category. This smaller size may limit its market impact but could also allow for more targeted exposure to niche green infrastructure companies. The funds focus on renewable energy and sustainable infrastructure aligns with global trends toward decarbonization and energy transition, which may drive long-term growth. However, the sector is also subject to regulatory and technological risks, as well as competition from established energy sources.