- 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.
For further details see:
ICLN: Exposure To Utilities Is A Long Term Positive