Capital Outflow in Renewable Energy ETFs Despite Vice President Harris's Election Campaign
Even as Vice President Kamala Harris's approval ratings rise, renewable energy ETFs continue to witness capital outflows. The 'iShares Clean Energy' (ICLN) ETF saw a net outflow of approximately $56.55 million. Despite the Biden administration's green energy policies, high interest rates and Harris's silence on specific renewable energy policies have led to investor pullback. The uncertainty in the renewable energy sector is impacting investment sentiments.
Experts advise focusing on sectors that have shown performance improvements, as the current economic climate makes the renewable energy sector appear riskier to investors. This cash outflow signals a potential lack of confidence in the growth prospects of renewable energy and highlights the need for clearer policy direction and economic stability.
Related News
Believing Only Harris Could Lead to Losses…Renewable Energy ETFs Experience Massive Cash Outflows [Jinkyu Maeng's Global Money Flow] - Korea Economic DailyBelieving Only Harris Could Lead to Losses…Renewable Energy ETFs Experience Massive Cash Outflows, SCHD Net Inflow Drops by 72%, Only Koreans Show 23% Share Amid Local Neglect, Performance Falls Short of Market Returns, Index-Based Investing Yields Higher Returns for Long-Term Investments
Despite 'Harris Benefit' Expectations... Renewable Energy ETF Fund Outflows - Korean EconomyDespite expectations of a Harris benefit, renewable energy ETF funds are flowing out, as high-interest rates dampen investment sentiment. SunPower filed for bankruptcy protection earlier this month.