This Clean Energy ETF Saw Double Digit Returns in March

The ALPS Clean Energy ETF (ACES) saw double digit returns last month, building upon its 5.91% gain in February, as record-high prices among fossil fuel-based energy sources have reignited positive clean energy sentiment.ACES gained 11.67% in March, outpacing the WilderHill Clean Energy Index (ECO) as clean energy stocks continue to rise amid global tensions between Russia and Ukraine shining a light on the need for less reliance on fossil fuels.Favorable legislation has provided the clean energy industry with additional tailwinds; the Biden administration invoked The Defense Production Act with $750 million to boost U.S. production of materials needed for EVs and EV infrastructure. The U.K. government also announced an expansion of EV charging points from 30,000 to 300,000 by 2030 in a clean energy plan worth over 1.5 billion euros, according to ALPS.Looking under the hood, a handful…

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