About CIBC CLEAN ENERGY INDEX ETF
Expense ratio
0.42%
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Inception date
Nov 16, 2021
The fund provides exposure to the Clean Energy sector in North America (Canada and US) while excluding US MLPs. This sector provides the products and services to aid a more sustainable energy sector and may include business segments such as Renewable Energy (Solar, Wind, Hydro, Geothermal, and Bioenergy) and Clean Technology (Electric Vehicles, Energy Management & Storage, Fuel Cell, and Hydrogen). Besides liquidity and trading requirements, these businesses must have commercial revenues and a majority stake in the Clean Energy sector, which can be based on reported fundamentals such as estimated EBITDA, operating income, FCF, asset base, customer base, or any other criteria the index committee deems relevant. The committee will aim to include at least 30 securities in the index. The index will rebalance and reconstitute quarterly at the close of the 3rd Friday starting March.