L&G Clean Energy UCITS ETF (RENG) - Share Chat

(This would fall under :plus_:)

The L&G Clean Energy UCITS ETF (the “ETF”) aims to track the performance of the Solactive Clean Energy Index NTR (the “Index”)

https://fundcentres.lgim.com/uk/en/fund-centre/ETF/Clean-Energy

https://www.londonstockexchange.com/stock/RENG/legal-and-general-asset-management/company-page

Expense ratio: 0.49%

Top 10

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Shameless bump on this green ETF, perhaps a batch of green companies @Viktor? There’s certainly a number of them that people are looking for.

FYI, while not like for like this ETF has a TER of 0.49% compared to the iShares INRG with a TER of 0.65%. Another wouldn’t hurt with the limited selection

I see this has been added :heart:

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Thanks for adding, @Viktor!

@Eden Great request. I have owned INRG for the past 12 months and I have been enjoying the ride :rocket:

Are you thinking of this as a complementary ETF or alternative? I’ll look a bit more into the underlying assets, but wanted to get your thoughts on this.

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There is a little overlap in some of the assets, i need to dig into it just a little bit more.

You can see the obvious omission in the top 10 as INRG holds an absolutely massive 10+% holding of Plug Power

I think they’re worth a deeper comparison

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My data is a little old but here’s your underlyings of INRG and RENG

https://finki.io/etfData/etfShowAllHoldings.php?q=IE00BK5BCH80

https://finki.io/etfData/etfShowAllHoldings.php?q=IE00B1XNHC34

Quite a bit of cross over

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Thanks @finki - That’s helpful

@Eden - I did a quick scan based on Finki’s links and I agree with you that there is a little overlap, but I think they are different enough for me to consider adding RENG alongside INRG for a nice long hold. Added to my watchlist :smiley:

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Are you still holding INRG, it’s been on a free fall for weeks now :frowning:

Absolutely. I bought this at £5 so I’m still up, and I will keep this for the long run. I strongly believe in the underlying industry and think this will recover not too long from now and will continue its bull run. Unfortunately, I reached my ISA limit, otherwise I would be adding more to my portfolio.

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Lucky you, I bought at its peak :sweat_smile: Do you have any insights as to why the price declined so much in the last month? What gives you confidence that it will recover again?

A bit perturbed today when I saw it 8% down. Seemed to be a strange sell of one share at 906p earlier.