Three clean energy ETFs for renewable gains

Article Excerpt

The demand for and supply of renewable energy is growing rapidly on support from government incentives and improving technologies that falling costs. Global efforts to lower carbon emissions will encourage further growth in the renewables industry. Here are two ETFs that aim to benefit by investing in the renewable energy industry (see the supplement on page 10 for more information). INVESCO GLOBAL CLEAN ENERGY ETF $28.90 (New York symbol PBD; TSINetwork ETF Rating: Aggressive; Market cap: $414.3 million) tracks the WilderHill New Energy Global Innovation Index. Clean energy companies that are listed in developed markets, as well as Taiwan and South Korea, qualify for inclusion. The ETF invests globally, with the largest allocations to the U.S. (34%), Canada (8%), China (8%), Germany (6%), South Korea (5%), and Spain (5%). The main segment allocations are to Industrials (36%), Technology (25%), and Utilities (19%). The fund currently holds 125 stocks with the top 10 making up 12% of the assets. Current top holdings include EVgo (U.S.; charging network…