Investors Pocketing the ACES with This ETF, Up 178% March 16, 2021
Solar and wind power are proving durable during the coronavirus pandemic, propping up renewable energy funds like the
ACES follows the CIBC Atlas Clean Energy Index. That benchmark is comprised of U.S.- and Canada-based companies that primarily operate in the clean energy sector. Constituents are companies focused on renewables and other clean technologies that enable the evolution of a more sustainable energy sector.
“Electricity production from solar projects continues to exceed initial estimates with many solar projects performing so well operationally that some ratings are equivalent to those of the off-taker,” according to Fitch Ratings. “Conversely, wind projects are still largely underperforming against expectations. Fitch reports that 73% of annual observations from its rated solar projects were within 5% or better of the original P50 levels. By contrast, only 24% of wind project observations
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That rubber is finally meeting the road.
“Democrats in the U.S. House of Representatives introduced an updated version of a broad climate action bill that would put the U.S. on a path to 100% clean electricity generation by 2035, mirroring President Joe Biden’s timeline for achieving an emissions-free power sector,” reports
S&P Global Market Intelligence. “The nearly 1,000-page bill also includes provisions that would promote transmission development, require public utilities to place their transmission facilities under the control of a regional grid operator within two years, and compel public companies to disclose information about their exposure to climate-related risks.”
The
ALPS Clean Energy ETF (ACES) is a broad play on renewable energy, but one of its cornerstone exposures is the sizzling solar sector.
ACES follows the CIBC Atlas Clean Energy Index. That benchmark is comprised of U.S.- and Canada-based companies that primarily operate in the clean energy sector. Constituents are companies focused on renewables and other clean technologies that enable the evolution of a more sustainable energy sector.
Enhancing the ACES solar proposition is global adoption of this renewable energy source, which is being led by Australia. That country has optimal weather for solar and tariffs encouraging a move to clean energy.