[On :Freetrade:] iShares Global Clean Energy ETF (INRG)

Plenty of non-U.S. focus in the top holdings here.

Notable companies for me:

  • Vestas Wind Systems: Danish wind turbine company.
  • Siemens Gamesa Renewable: Siemens’s Spanish wind turbine firm.
  • Xinyi Solar: Hong Kong-listed solar glass manufacturing company (looks like it’s similarly structured to our investment trust companies like Renewables Infrastructure, but I’d have to read more).
  • Verbund AG, Austria’s largest electricity provider. It gets 90% of its electricity from hydro.

More than 56% of the market value of the fund comes from non-U.S. companies.

Ticker ISIN Name Name of Issuer Sector Market Value Weight (%)
ENPH US29355A1079 ENPHASE ENERGY INC Information Technology USD 64,262,703.30 8.57
SEDG US83417M1045 SOLAREDGE TECHNOLOGIES INC Information Technology USD 49,186,718.00 6.56
VWS DK0010268606 VESTAS WIND SYSTEMS Industrials USD 43,914,376.10 5.85
SGRE ES0143416115 SIEMENS GAMESA RENEWABLE ENERGY SA Industrials USD 43,280,919.08 5.77
968 KYG9829N1025 XINYI SOLAR HOLDINGS LTD Information Technology USD 41,778,576.23 5.57
PEGI US70338P1003 PATTERN ENERGY GROUP INC CLASS A Utilities USD 33,163,953.12 4.42
VER AT0000746409 VERBUND AG Utilities USD 31,185,497.51 4.16
ORA US6866881021 ORMAT TECH INC Utilities USD 31,174,877.70 4.16
CIG US2044096012 COMPANHIA ENERGETICA MINAS GERAIS Utilities USD 30,833,310.74 4.11
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I think there is also a disjoin between federal policy in the USA and inidividual states eg California. So it is more than feasible for US companies to do very well in some states despite the scepticism of the current White House incumbent.

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This ETF has really shot up in the last week and YTD is now in the top 3 performing ETFS. It’s also leading the pack since April

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This ETF is up 27% this month :tada::tada:
I don’t know why but I’m loving it

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I’m up over 70% in the last 12 months! It’s a cracking ETF.

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Take a look at the details on the ETF page and it will give you a better understanding of the underlying companies and how it’s performing

https://www.ishares.com/uk/individual/en/products/251911/ishares-global-clean-energy-ucits-etf

This is basically tracking improving odds of significant democrat gains in the US election.

I think the US election has catalysed gains in the last month but it doesn’t explain the positive performance prior to September. Solar power is growing quite fast in the US and China

I think a lot of the performance before then is linked to the EV hype that was tearing through markets which also dragged up green energy and relevant commodities.

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