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NGASP

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1m

Analysis and statistics

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About

NGASP.PA represents shares of Neoen SA, a French independent power producer specializing in renewable energy. The company develops, finances, builds, and operates solar, wind, and storage power plants, primarily in Europe, Australia, and the Americas. Neoen aims to be a leading producer of exclusively renewable energy with a focus on long-term contracts and grid stability. Investors in NGASP.PA are exposed to the growth potential of renewable energy markets and Neoen's specific strategies within this sector.
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Factors

Underlying Index Performance: The price of NGASP.PA is primarily affected by the performance of the Solactive GBS Global Aggregate USD Hedged index it tracks. Interest Rate Movements: Changes in global interest rates, particularly in the US, can influence bond yields and thus affect the value of the bonds held in the underlying index. Credit Spreads: Widening credit spreads, indicating increased risk aversion, can decrease the value of corporate bonds within the index, negatively impacting the ETF's price. Currency Fluctuations: The USD/EUR exchange rate impacts the hedged return. Inaccurate hedging can cause deviations. Supply and Demand: Basic market forces of supply and demand for the NGASP.PA ETF itself can create temporary price discrepancies relative to its net asset value.

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