Clean energy ETFs have seen a resurgence in interest following their May rebound, further propelled by the enactment of the Inflation Reduction Act into law in August.
The Invesco Solar ETF (TAN), in particular, has been among the funds garnering the most advisor interest in the current environment. TAN has $3 billion in assets under management and charges a 69 basis point expense ratio.
TAN took in the third most in net flows during August, trailing only the Invesco NASDAQ 100 ETF (QQQM) and the Invesco S&P 500 Low Volatility ETF (SPLV). TAN took in $285 million during August, offsetting outflows from earlier in the year; year-to-date inflows totaled $99 million as of August 31. The fund has taken in $35 million between September 1 and September 21, according to VettaFi.
“With recently approved government spending to combat climate, advisors are seeking out clean…
As Clean Energy Heats Up, Check Out TAN
