One of the most interesting economic themes in recent years has certainly been the use of renewable energy, i.e., those companies involved in converting solar, hydroelectric, wind or tidal energy into usable energy such as electricity.
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The ISE Clean Edge Global Wind Enegy index has over the past few months built up an interesting accumulating base above the chart support placed at 185.50 points.
The holding of the latter level triggered a quick leap forward that pushed prices close to 200 points.
The overcoming of this last level will open up further room for growth, with a first target in the 207.50-208 points area (an area that coincides with the highs reached at the end of 2023).
The breakout of this area will then open up further room for growth, both in a short- and medium-term perspective.
Only a fall below 185 points could undo the recent progress and provoke a bearish trend reversal.
The following ETFs can be used to invest in this sector:
iShares Global Clean Energy, ISIN IE00B1XNHC34. This ETF has €2,764m in assets under management and replicates the S&P Global Clean Energy index (which replicates the performance of the 30 largest equities around the world that are engaged in the clean energy economy). The ETF, which provides a total physical replication of the underlying, adopts a distribution policy (with dividends being distributed semi-annually). The total expense ratio (TER) is 0.65% per annum.
Amundi MSCI New Energy, ISIN FR0010524777. It is an ETF with €733m of assets under management, which provides for the total physical replication of the underlying (represented by the MSCI ACWI IMI New Energy ESG Filtered index) and which adopts a distribution policy (with dividends being distributed annually). The total expense ratio (TER) is 0.60% per annum.
L&G Clean Energy, ISIN IE00BK5BCH80. This ETF has €189m in assets under management and provides for full physical replication of the underlying (represented by the Solactive Clean Energy index). The ETF adopts an accumulation policy (with dividends being reinvested within the fund). The total expense ratio (TER) is 0.49% per annum.
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Reproduction prohibited in any form, even partial
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