Clean energy ETF

As above, any recommendations for a clean energy ETF?

I currently hold Ceres Power, but thinking some diversity might be good.

INRG is the first one that pops to mind. Currently at about 930p after coming down from recent (January 2021) highs of around 1420p. Premium of 0.35 % as of last week and ongoing charges of 0.65 %. Holdings can be found here.

Keen to see some other options in this field though.

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L&G Clean Energy Fund (RENG on T212)
Includes a holding in Tesla.
https://fundcentres.lgim.com/uk/en/fund-centre/ETF/Clean-Energy/

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This one, also available in dollars as RENW, appears to be the cheapest at 0.49%. INRG seems to dwarf all the others in terms of size though.

Be wary of NRJL and Lyxor ETFs more generally. Although it’s a shade cheaper than INRG and near £1bn size-wise, it is domiciled in France which can have tax implications.

I’m slightly surprised that there’s none cheaper. I’d sooner pay nearer 1% for an investment trust in the absence of any ‘cheap’ 0.25%-ish trackers.

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Didn’t the sheer size of INRG lead to enforced rebalancing because the size of the holdings exploded with all the new money pouring into it and they had to follow their own rules?

Neither fund has been doing particularly well lately with the general downturn in clean energy stocks but L&G is doing slightly better over the last 3 months

I think the hype for clean energy is wearing off. But over the next 10 years as we gear towards 2030 emissions reduction targets hopefully we will continue to see an uptrend.

I think people have came to realise that energy is energy, wether it be clean or not, the end product sells for roughly the same.

Much like EVs, your GMs etc are doing really well now because they have actual revenue and can easily diversify into EV. Unlike the trendy new EV start ups with no revenue, which has now died down fortunately.

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Yeah agree. I’ve started taking a look into Volkswagen with the similar points in mind.

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This one’s not been mentioned yet: Invesco Global Clean Energy UCITS ETF (GCED). It does does include BYD and NIO so not sure it completely fits the brief…

Not quite on 212 yet but others are making a case for it.

The index it tracks is tiny, so the ETF money ended up very concentrated.

Hopefully a newer more comprehensive clean energy index gets formed soon

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Hasn’t this already been done? Hence the big changes in INRG back in April. There’s a list of current holdings here.