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ALPS Clean Energy ETF (ACES) emerged as one of this year’s best-performing exchange traded funds, regardless of asset class. That’s saying something when you consider that many other renewable energy funds more than doubled.
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.
More than 120 clean energy names now trade on major exchanges, and now have combined market values of $1.5 trillion, according to analysts at Raymon James.