BlackRock clean energy ETF upheaval reignites investor enthusiasm
INRG s inflows last week were equivalent to almost half of its net inflows over the past three months By Jamie Gordon, 27 April 2021
BlackRock’s clean energy ETF booked strong inflows in the first week since significant changes were made to its underlying index, a sign investors are less concerned with potential liquidity risks following the rebalance.
According to data from Ultumus, the iShares Global Clean Energy UCITS ETF (INRG) saw $253m inflows in the week to 23 April, the third-highest across all European-listed ETFs, and equivalent to almost half of its net inflows over the past three months.
A break down of clean energy ETFs as competition hots up
Clean energy ETFs in Europe have seen $5.3bn inflows since the start of $5.3bn By Tom Eckett, 26 April 2021
Competition in the clean energy ETF space in Europe is hotting up amid increasing demand for one of the most attractive megatrends on offer.
Clean energy strategies delivered some of the best returns across all European listed ETFs last year following the continued shift to renewable resources and US President Joe Biden’s pledged support of the industry.
Highlighting this, the iShares Global Clean Energy UCITS ETF (INRG) soared 136% over the 12 months as almost $3bn inflows drove the underlying stocks higher and the Biden bounce came into effect.
KXLY
April 22, 2021 2:30 AM newsfeedback@fool.com (Dave Kovaleski)
Posted:
Updated:
April 22, 2021 3:27 AM
Earth Day was established in 1970 to raise awareness about the state of our environment and is seen as the birth of the modern environmental movement. That movement has taken root in the world of investing. Environmental, social, and governance, or ESG, investing, has become increasingly popular as more people want to support companies that are helping to protect the environment.
A great way to not only identify these companies, but also to invest in them, is through exchange-traded funds (ETFs) that exclusively focus on ESG. In honor of Earth Day 2021, which falls on April 21, here are three ETFs that seek to do good by the environment and investors. All three of these ETFs focus on clean energy companies.
Author Bio
Dave mainly covers financial stocks, primarily banks and asset managers, and investment planning. He s covered mutual funds and institutional investments for Pensions & Investments, personal finance for S&P, and money markets and bonds for Crane Data. Dave has been a Fool since 2014. Follow @dhkovaleski
Earth Day was established in 1970 to raise awareness about the state of our environment and is seen as the birth of the modern environmental movement. That movement has taken root in the world of investing. Environmental, social, and governance, or ESG, investing, has become increasingly popular as more people want to support companies that are helping to protect the environment.