 The
IQ Clean Oceans ETF, with the ticker symbol OCEN, is an
exchange-traded fund that seeks to invest in companies working to
reduce plastic waste in the world's oceans. The ETF focuses on
companies that develop and implement technologies to reduce ocean
pollution and marine debris. Here's an extended company report for the
IQ Clean Oceans ETF:
The IQ Clean Oceans ETF was launched in
2019 by IndexIQ, a provider of innovative investment solutions. The
ETF seeks to invest in companies working to reduce plastic waste in
the world's oceans by developing and implementing technologies to
reduce ocean pollution and marine debris.
The IQ Clean Oceans
ETF provides investors with exposure to a diversified portfolio of
companies that are focused on reducing plastic waste in the world's
oceans. The ETF invests in companies involved in the development and
implementation of technologies to reduce ocean pollution, including
companies in the waste management, recycling, and materials sectors.
As of March 18, 2023, the IQ Clean Oceans ETF had a net asset
value of approximately $20 million. The ETF's expense ratio is 0.69%,
which is lower than the average expense ratio for similar ETFs.
Investing in the IQ Clean Oceans ETF involves risks, including the
risk that the ETF's performance may be affected by changes in the
global economy, changes in government regulations, and other factors
that may impact the companies in which the ETF invests. In addition,
the ETF's performance may be affected by changes in market conditions,
as well as fluctuations in the prices of individual securities held by
the ETF.
In conclusion, the IQ Clean Oceans ETF provides
investors with exposure to a diversified portfolio of companies that
are focused on reducing plastic waste in the world's oceans. The ETF's
investment strategy seeks to invest in companies involved in the
development and implementation of technologies to reduce ocean
pollution and marine debris. However, investors should carefully
consider the risks and potential benefits of investing in the IQ Clean
Oceans ETF before making any investment decisions.
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