GRID fund assets reach $7.65 billion
The First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund has become a large fund with roughly $7.65 billion in net assets.
The fund tracks a smart-grid index and its portfolio leans heavily toward electrical equipment makers.
Industrials account for 60% of the fund, utilities 18%, and technology 16%.
The fund has driven a 34% one-year return that broad utility ETFs cannot match.