The surge in attention towards clean energy not only indicates an ecological transformation but also serves as an avenue for profitable investment. With a view on the future, here is an exploration of the five biggest clean energy Exchange Traded Funds (ETFs) touted to make noteworthy strides by 2024, sourced from the link: https://godzillanewz.com/5-biggest-clean-energy-etfs-in-2024/.
To commence, the iShares Global Clean Energy ETF (ICLN) stands out for its broad exposure to global clean energy stocks. Based on 2020 statistics, the ICLN has assets totaling more than $3.3 billion, making it a significant player in the clean energy ETF sector. Encouragingly, analysts project that by 2024, the ICLN could have even more substantial assets, reinforcing the trust investors place in this ETF.
Invesco WilderHill Clean Energy ETF (PBW) also carves a place for itself on this list due to its focus on innovation. The PBW prioritizes companies that stand at the forefront of cleaner, greener technologies. With assets exceeding $1.4 billion in 2020, the PBW represents an opportunity for investors to back promising clean energy leaders likely to influence the landscape in 2024.
Next, we turn to the First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN). The allure of the QCLN lies in its discerning focus on U.S-based firms operating within the clean energy sector. Not only does this concentration provide investors with a localized option, but the 2020 holding of over $1.3 billion in assets also reflects the potential for growth by 2024.
The Invesco Solar ETF (TAN) presents a narrower focus, highlighting the specific sector of solar energy. With an impressive portfolio featuring a range of global companies engaged in different aspects of the solar power value chain, the TAN has emerged as a leading ETF in the solar industry. Given solar power’s importance in the broader clean energy shift, the TAN’s growth prospects by 2024 are profound.
Finally, the VanEck Vectors Low Carbon Energy ETF (SMOG) rounds off this list. The SMOG ETF is unique for its focus on low carbon energy companies, effectively offering a diversified investment in a promising future segment. With the rising global discourse on reducing carbon footprints, the SMOG ETF is undeniably poised for heightened interest by 2024.
In summary, the future of clean energy ETFs looks promising, with the above five entities providing a formidable place to invest. With varying focus points from broad clean energy sectors to more specific areas like solar power or low carbon energy, these ETFs offer a diverse investment portfolio. Evidently, the sector’s potential for growth by 2024 is substantial, providing investors with profitable spaces to incorporate into their financial strategies.