Up a staggering 134.63% in 2020, the the
ALPS Clean Energy ETF (ACES) is easily one of this year’s best-performing non-leveraged exchange traded funds. For investors that missed this year’s move by ACES, many market observers believe there’s more coming in 2021.
ACES follows the CIBC Atlas Clean Energy Index. That benchmark is comprised of U.S.- and Canada-based companies that primarily operate in the clean energy sector. Constituents are companies focused on renewables and other clean technologies that enable the evolution of a more sustainable energy sector.
“Investors should increase their exposure to metal miners, clean energy and Chinese stocks to maximize their returns in 2021, according to Astoria Portfolio Advisors’ John Davi,” reports Fred Imbert for CNBC. “Stocks in these groups have been on a tear this year amid increasing expectations of an economic recovery as well as potential changes to the regulatory environment in energy.”