Renewable energy funds like the
ALPS Clean Energy ETF (ACES)have benefited from positive political implications, but with the Biden Administration’s infrastructure plan taking some time to come to life, investors may feel the need to head to the sidelines.
Some experts believe that would be a mistake, as there’s still significant upside opportunities with renewable energy equities regardless of what happens in Washington, D.C.
Uncertainty around the Biden effort “has unfortunately contributed to U.S. institutional investors’ inaction on tackling climate change. In a major study of more than 100 large global institutional chief investment officers, we found that only 47% of North American investors are actively incorporating climate considerations into their portfolio: an important missed opportunity,” writes PGIM COO Taimur Hyat in a commentary piece for