GEX entered Monday with a combined 10.5% to Tesla and SolarCity. Tesla was once GEX’s largest holding, but the stock’s aforementioned decline has relegated the stock to the third spot in GEX, nearly 500 basis points behind Vestas Wind Systems, the ETF’s largest holding.
It is worth remembering that, particularly in the case of Tesla, the performance of Musk stock has had an important impact on flows to and from GEX and QCLN. The two ETFs have just under $233 million in combined assets under management, $67.4 million of which entered the funds last year. Almost $31 million has flowed into the two ETFs since the start of 2014. [Convertibles ETF has Exposure to Tesla Bonds]
Market Vectors Global Alternative Energy ETF
