PBD - ICLN: Exposure To Utilities Is A Long Term Positive

• The iShares S&P Global Clean Energy Index ETF (ICLN) provides exposure to global equities, with the majority operating in the utilities sector, and  others providing exposure to renewable technologies.
• ICLN has known the worst six-months performance compared to peers but, going forward, it should benefit better from car manufacturers' stated aim to shift to electric vehicles (EVs).
• In this case, utilities should play a significant part in building a national network of chargers for EVs.
• I am bullish, not because of infrastructure plan, but due to cost economics being favorable with prospects for better returns.
• However, it will be a volatile path, mostly due to rising interest rates risks.

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