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October marks Clean Energy ETFs comeback
The resurgence is linked to multiple factors but, mainly related to investors bet on increased country-wide investments in renewable energy.
By Rony Abboud
October 28, 2021
- Energy
- Climate Change
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October has been kind to Clean Energy ETFs, with dominant double-digit performances by several 2020 superstars, including First Trust NASDAQ Clean Edge Green Energy Index Fund ETF (QCLN, +21.96%), iShares Global Clean Energy ETF (ICLN, +16.91%) and Invesco WilderHill Clean Energy ETF (PWYF, +13.46%) among other.
The resurgence is linked to multiple factors but, mainly related to investors bet on increased country-wide investments in renewable energy amid record highs in the fossil fuel pricing department.
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With the 2021 United Nations Climate Change Conference around the corner (COP26, Oct. 31- Nov.12), Clean Energy ETFs within the booming Alternative Energy trend will get more market attention as nations meet to discuss future actions towards the goals of the Paris Agreement and the UN Framework Convention on Climate Change.
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