from blue-chip companies – the bulk of it attributed to BHP and other big miners.
Investors have been pouring funds back into traditional energy firms – including coalminers who have seeminglyBut exchange-traded funds established in recent years to give exposure to the renewable and clean energy “megatrend” have also grown over the period – albeit by a trickle.
The fund has attracted about $222 million in net flows from investors over the 18 months to August. Its top 30 holdings closely mirror those of CLNE, but it invests in a broader universe, with an additional 70-odd stocks in the global renewables and related sectors. BetaShares also operates narrower solar and uranium ETFs, investing only in companies involved in those specific energy markets.
Eventually, and perhaps sooner rather than later, the broader challenges facing fossil fuel production and momentum towards decarbonising the economy should catch up with the sector. “CLNE also rose significantly following the passage of the Inflation Reduction Act in the United States which will inject $US369 billion into the US clean energy economy, boosting investment in a range of greener energies, including electric, wind and solar,” he says.From a pure investment thesis point of view, the fund has low correlation with the broader sharemarket, Neiron says, given its portfolio companies are relatively small and young.
“Having global natural resource equities in a portfolio provides additional diversification as resource equities tend to outperform, counter to the broader equity markets.”
Source: News Formal (newsformal.com)
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