PBD - PBD: A Green Energy Strategy That Doesn't Work
2024-02-11 20:48:32 ET
Summary
- The Invesco Global Clean Energy ETF tracks the WilderHill New Energy Global Innovation Index and invests in clean energy companies.
- PBD's broad portfolio allocation is eroding its performance compared to more narrowly focused funds in the clean energy space.
- The fund's smart beta approach and rules-based investing strategy are not generating returns that beat the broad market, and its risk/return profile is unattractive.
The Invesco Global Clean Energy ETF (PBD) is a small cap fund that seeks to track the returns of the WilderHill New Energy Global Innovation Index. The portfolio contains equities of companies located in developed and emerging markets that engage in clean energy conservation. These companies are involved in wind, solar, hydro, tidal wave, biofuels and other sources of renewable energy, as well as businesses related to energy conversion, storage, conservation, efficiency, carbon and greenhouse gas reduction and pollution control....
PBD: A Green Energy Strategy That Doesn't Work