Excerpt from Zacks, January 13, 2020
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Funds Focused on Climate Change
In 2020, climate change risks will be a mainstream discussion for building portfolios as it can be more expensive to ignore then to face them …. Therefore, to gain from this trend of considering climate change while building portfolio, investors can focus on alternative energy funds and/or environmental, social and governance (ESG) investing ….
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Going by a 2018 survey conducted by Morgan Stanley, around 75% asset managers confirmed the adaptation of sustainable investing by their firms. This figure is up 10% from 2016 levels. In fact, the sustainable funds’ ETF gamut in 2018 gained more than $2 billion in net flows. Moreover, between 2016 and 2018, around 52 ESG ETFs were launched in the United States.
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Going by an International Energy Agency (IEA) report, worldwide supplies of renewable electricity are estimated to expand 50% within five years.
Moreover, according to the IEA, renewable energy sources are anticipated to make up 30% of the world’s electricity by 2024 in comparison to …. Per … global renewable energy market is expected to reach a value of around $1.51 billion …. Thus, investors can take a look at the following ETFs:
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Invesco WilderHill Clean Energy ETF (PBW ….
The fund is based on the WilderHill Clean Energy Index. It has an AUM of $239.3 million and charges an expense ratio of 0.70% (read: 9 ETFs at the Forefront of 2019 Market Rally).
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