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“The five funds attracting the most flows in the first quarter of 2021 were all passive equity funds,” according to Morningstar research.
QCLN saw inflows of $1 billion in the first quarter after ranking as one of the top five asset-gathering renewable energy ETFs last year. As Morningstar points out, the First Trust ETF was the only non-iShares fund among the top five asset adders for sustainable funds in the first three months of 2021.
A Clean Edge for ‘QCLN’
QCLN seeks investment results that correspond generally to an equity index called the NASDAQ® Clean Edge® Green Energy Index. The index is designed to track the performance of small-, mid-, and large-capitalization clean energy companies that are publicly traded in the United States.