Key Facts on Green ETFs
The iShares Global Clean Energy ETF (NASDAQ: ICLN), which tracks the S&P Global Clean Energy Transition Index, consists of 105 holdings across various renewable energy sectors. With an expense ratio of 0.39%, top holdings as of June 8 include Bloom Energy, First Solar, and NextPower. This ETF is suitable for investors seeking diversified exposure to global clean energy.
Invesco Solar ETF (NYSEMKT: TAN), focused on the solar industry, tracks the MAC Global Solar Energy Index and comprises only 32 stocks. Currently, it has a higher expense ratio of 0.70% but has gained about 25% this year. Key companies include First Solar and Enphase Energy.
SPDR S&P 500 ESG ETF (NYSEMKT: EFIV) tracks the S&P 500 Scored & Screened Index, excluding companies that do not meet ESG criteria while maintaining an expense ratio of 0.10%. It contains 330 holdings including well-known companies across multiple sectors, appealing to investors looking for a balance of profitability and ESG alignment.
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