Invest in clean energy with these three ETFs

Article Excerpt

Demand for renewable energy continues to grow, supported by government incentives and technological advances that lower costs. Still, the broad increase in power needs worldwide—along with relatively cheap oil and natural gas prices—should keep fossil fuels as the primary energy source for years to come. There is, however, room for both renewable and fossil fuel providers to operate profitably. Here are two ETFs that aim to benefit from growing investor interest in renewable energy (see the supplement on page 50 for more information). INVESCO GLOBAL CLEAN ENERGY ETF $31.05 (New York symbol PBD; TSINetwork ETF Rating: Aggressive; Market cap: $425.4 million) invests in firms that focus on renewable sources of energy and technologies facilitating cleaner energy. The ETF invests globally with the largest allocations to the U.S. (29%), China (12%), Canada (9%) Germany (7%), and Spain (6%). The main sector allocations are to Industrials (35%), Technology (24%), and Utilities (23%). The fund currently holds 102 stocks with the top 10 making up only 15% of the ETF’s…