VanEck Vectors Global Alternative Energy ETF (GEX) provides investors with targeted exposure to global companies engaged in alternative energy production and related technologies; its portfolio historically includes firms involved in wind, solar, hydro, geothermal, and bio-fuels power generation, as well as supporting equipment for energy efficiency, storage, and transmission. Issued by VanEck, a global investment management firm founded in 1955 and headquartered in New York City, the ETF tracks the MVIS Global Low Carbon Energy Index (formerly Ardour Global Index Extra Liquid), focusing on approximately 30-31 holdings with significant weighting in the top 10 positions exceeding 70% of assets. Geographically, holdings span developed and emerging markets worldwide, with notable concentrations in the U.S., Europe, and other regions supporting renewable energy transitions; target investors include those seeking thematic equity exposure to the alternative energy sector.
In a major rebranding effective July 9, 2019, GEX transitioned to the VanEck Vectors Low Carbon Energy ETF (ticker: SMOG) to better align its name with the low-carbon focus of its underlying investments, while retaining the core index and strategy emphasizing environmentally friendly energy sources. No significant partnerships, acquisitions, funding rounds, or new product launches specific to GEX have been reported in the last 1-2 years; however, VanEck as issuer has pursued ETF lineup optimizations, including closures of underperforming funds like MOTE and MGRO in September 2025 and a Nasdaq delisting filing for SMOG in June 2025, alongside expansions into areas like subordinated debt ETFs and crypto strategies. The ETF maintains a non-diversified structure with concentration risks in industrials and technology sectors, small- and mid-cap names, and foreign securities, operating passively to replicate index performance before fees of approximately 0.61%.