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Investors storm into alternative energy funds ahead of Biden presidency


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(Reuters) - Investors are rushing to invest in alternative energy funds this year on hopes of more green reforms, with President-elect Joe Biden set to take office next week.
According to Lipper data, alternative energy funds that primarily invest in solar, wind, and water firms around the world saw an inflow of $4 billion in the week ended January 13.
They have lured a whopping $5.2 billion in just the first two weeks of 2021, after seeing inflows of $17.1 billion in 2020, the data showed.
For a graphic on Flows into alternative energy funds:
On the other hand, traditional energy funds which invest in companies that deal with fossil fuels, have seen an outflow of $113 million in the last week, their sixth consecutive outflow. ....

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