TAN
Invesco Solar ETFTAN Fund Description
The Invesco Solar Portfolio tracks an index of solar energy companies selected based on the relative importance of solar power to the company's business model.
TAN Factset Analytics Insight
TAN offers a unique and popular take on renewable energy, holding a concentrated portfolio of companies involved in the solar energy industry, thus cutting out much of the broader renewable energy market covered by our benchmark. It adjusts each company's weight in an attempt to boost exposure to "pure-play" companies and underweight "non-pure-play" companies, based on revenues from solar-related activity. The resulting portfolio is very concentrated, holding just a handful of names. TAN overweights the US and especially China, and favors smaller firms. TAN offers adequate liquidity, though spreads are generally significant. The underlying basket is lacking in liquidity, however, and creations and redemption could cause prices to move. TAN charges a pretty steep fee, though strong short interest in solar stocks has often allowed the ETF to earn enough from lending out its securities to pay back its fee several times over. Lending income has been highly variable though, so investors holding onto TAN will have a wild ride ahead of them.
TAN CHARTS AND PERFORMANCE
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TAN Top 10 Countries
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TAN Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of TAN. TAN is rated a 2 out of 5.
TAN Tradability
TAN Sector/Industry Breakdown
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TAN TOP 10 HOLDINGS[View All]
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TAN BENCHMARK COMPARISON SUMMARY
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TAN BENCHMARK COMPARISON MARKET CAP SIZE
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