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3NVD

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About

3NVD.LSE represents the VH Global Sustainable Energy Opportunities plc, a closed-ended investment company listed on the London Stock Exchange (LSE). This company focuses on investing in a diversified portfolio of global sustainable energy infrastructure assets. The aim is to generate stable income and capital appreciation for its shareholders by supporting projects involved in renewable energy, energy efficiency, and other sustainable energy solutions.

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Factors

[Underlying Assets]: The price of 3NVD.LSE, an ETF tracking Nvidia, is heavily influenced by Nvidia's stock price. Positive Nvidia news generally boosts the ETF.

[Supply and Demand]: Like all ETFs, 3NVD.LSE's price is affected by market supply and demand. Higher demand increases the price, while increased supply can lower it.

[Exchange Rate]: As 3NVD.LSE tracks a US company, currency fluctuations between GBP and USD impact its price. A stronger USD usually increases its GBP price.

[Market Sentiment]: Overall market sentiment towards tech stocks and ETFs in general influences 3NVD.LSE's price. Positive sentiment can drive demand and price higher.

[Tracking Error]: The difference between 3NVD.LSE's price and Nvidia's actual stock performance is called tracking error. Larger tracking error can make it less attractive.

[Expense Ratio]: While not directly impacting the price, the ETF's expense ratio affects overall return. Higher fees mean less profit compared to directly owning Nvidia shares.

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