4 Renewable Energy ETFs to thrive under Biden
FAN – Because the incoming Biden administration is expected to shape the economy with a significant focus on clean energy, ETFs such as First Trust ISE Global Wind Energy Index Fund (FAN), Invesco Solar (TAN), ALPS Clean Energy (APES) and Global X YieldCo & Renewable Energy Income (YLCO) that invest in renewable energy holdings should fare well over the long term.
Jan 13, 2021
Joe Biden is all set to swear in as the 46th president of the United States, as declared by the Electoral College last week. The broader markets have been hailing this election outcome, as evidenced by the S&P 500’s and Nasdaq composite’s 1.6% and 3.2% gains, respectively, over the past five days.
For the YLCO ETF, Renewable Energy Is the Name of the Game December 16, 2020
While environmental, social, and governance (ESG) investing has been in the limelight as of late, a subcategory of the space, renewable energy, is also seeing strength. This is propelling funds to strong gains, like the
), which is up 17% year-to-date.
YLCO seeks to provide exposure to an emerging class of income-generating renewable energy assets called YieldCos, along with other companies associated with the production of renewable energy that meet a minimum dividend yield criteria. Such companies may include renewable energy utilities (e.g., solar, wind and hydroelectric power), producers of renewable energy components, producers of biofuels, and other companies involved in the financing, installation, and operation of renewable energy projects, including smart grid technology.