His Clean-Energy Fund Was Up 206% In 2020. Then It Crashed. What Should We Expect Now?

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Invesco stock-index owner Robert Wilder has bet on eco-friendly long shots for years, mostly winning. But it's been a volatile ride.

obert Wilder, 62: author, lecturer, organic gardener, tree hugger. Something of a hippie? No, this ecologist is a financier, with a sharp eye for how to turn environmentalism into a business.

In the 1990s Wilder was a Ph.D. lecturing on environmental science at state universities in Massachusetts and California. There wasn’t enough excitement in that. He says, “Being a professor is the second-best thing to do. The best thing is to be an entrepreneur.” WilderHill Clean Energy got off to a strong start after opening its doors in 2005 but was a disaster in the stock market crash of 2007-09. In 2020 a fervor for climate-related investing brought it back to glory.

Invesco WilderHill is, in format, a passively managed portfolio because it mechanically tracks an index—the Clean Energy index that WilderShares oversees. “Passive outperforms active 80% of the time,” Wilder declares, sounding like Vanguard founder John Bogle.

Source: Energy Industry News (energyindustrynews.net)

 

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