Global X ETFs, the New York-based provider of exchange traded funds (ETFs), has announced the launch of the Global X Solar ETF (RAYS) and the Global X Wind Energy ETF (WNDY).
RAYS and WNDY seek to invest in companies advancing the field of solar and wind energy technologies, respectively. RAYS, tracking the Solactive Solar Index, provides access to companies involved in solar energy materials, solar energy systems and components, solar power production, solar technology and solar installation, integration, and maintenance. WNDY, tracking the Solactive Wind Energy Index, provides access to companies involved in wind energy systems, wind power production, wind energy technology, and wind power integrations and maintenance. Both RAYS and WNDY have expense ratios of 0.50% and join the Global X Thematic Growth suite of 32 ETFs and more than $20 billion in assets under management.