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According to the IEA, the spending on clean energy must triple in the next decade to meet the target of net-zero emissions of greenhouse gases by 2050.
PBD has crushed the S&P 500 in the last two years. However, on a 10-year period, the S&P 500 outperformed PBD.
On average, the stocks in the fund are trading at 3.5x book value and 125.67x forward earnings. Given the high valuations, I would be cautious before purchasing PBD now.