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The First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ: QCLN) is tailor-made for investors seeking exposure to a variety of clean energy solutions, from utilities to technology companies, automakers, lithium producers, semiconductor companies, industrial suppliers, and more.
But the exchange-traded fund (ETF) is down 21.3% so far year to date (YTD) -- easily underperforming the S&P 500 's 21% YTD gain. Here's why the ETF could soar in 2024 and why it may be right (or wrong) for you.