This hyper-focused fund is concentrated heavily on the solar energy sector.
It has a reasonable MER and offers broad diversification if you want exposure to this area of the renewable energy industry.
INVESCO SOLAR ETF (New York symbol TAN) tracks solar-related companies (including technology firms and utilities) listed on global exchanges.
The fund’s top holdings are Enphase Energy (U.S.: home solar systems) at 11.1%; GCL-Poly Energy (China: solar panels), 8.4%; Daqo New Energy (China: silicon), 8.2%; SolarEdge Technologies (Israel: solar-power batteries), 8.1%; and Sunrun Inc. (U.S.: Solar panels), 6.7%.
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The Invesco Solar ETF launched on April 15, 2008. It charges a reasonable MER of 0.69%.
The outlook for renewable energy remains strong on rising consumer demand. Voter pressure on governments should also encourage them to maintain long-term guaranteed contracts with renewable energy producers. U.S. president Joe Biden’s support for renewables is another big plus for the industry.
If you’re looking for exposure to the expanding solar power industry, the Invesco Solar ETF provides you with broad diversification.
Is there an ETF you would recommend that could track some cryptocurrency rather than having to buy a Bitcoin share at +$60k? I remain unconvinced about this whole space, but think I might set aside a very modest bit of the portfolio in this sector just in case I’m seriously wrong . thanks, Jim
Thanks for the question. Do you looking for an ETF on solar or cryptocurrency? As far as crytocurrency, as far back as 2017, Pat recommended against investment in Bitcoin and others. We still advise against investing in bitcoin, since the odds in our view are heavily weighted against you.
Thanks for your question. While we don’t recommend investing in bitcoin or bitcoin ETFs, here’s a bitcoin ETF: Purpose Bitcoin ETF, symbol BTCC.B on the Neo Exchange.
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Is there an ETF you would recommend that could track some cryptocurrency rather than having to buy a Bitcoin share at +$60k? I remain unconvinced about this whole space, but think I might set aside a very modest bit of the portfolio in this sector just in case I’m seriously wrong . thanks, Jim
Thanks for the question. Do you looking for an ETF on solar or cryptocurrency? As far as crytocurrency, as far back as 2017, Pat recommended against investment in Bitcoin and others. We still advise against investing in bitcoin, since the odds in our view are heavily weighted against you.
Thanks for your question. While we don’t recommend investing in bitcoin or bitcoin ETFs, here’s a bitcoin ETF: Purpose Bitcoin ETF, symbol BTCC.B on the Neo Exchange.