VanEck Low Carbon Energy ETF Price & Performance (SMOG)

Brookfield Asset Management has acquired $1.74 billion in renewable energy assets from National Grid, signaling confidence in the clean energy sector. The purchase includes solar and energy storage projects, which accounted for over two-thirds of new U.S. power capacity in 2024. This move may bolster investor sentiment in renewable energy stocks.1

Assetmark Inc. significantly reduced its stake in the VanEck Low Carbon Energy ETF, cutting holdings by 92% in Q4 2024. The ETF, which focuses on renewable energy companies, saw a slight 1% price increase recently. Other investors, like Jones Financial Companies, raised their stakes, highlighting mixed sentiment in the low-carbon sector.2

Tesla remains a key component in low-carbon energy ETFs like VanEck's SMOG, which allocates 5.41% of its portfolio to the electric vehicle giant. With a five-year annualized return of 6.19%, the ETF provides targeted exposure to renewable energy companies, reflecting investors' interest in green technologies.3