Want to Invest in Renewable Energy but Don't Know How? Try This ETF.
Although renewables are the future of energy, the road between here and a fully renewable energy environment will likely be long and tricky to navigate. Not all of the companies in the sector will live up to the hype. Unless you're an expert on the subject, it's tough to know which individual stock names will be worth investing in.
There's a simple solution: Just own a basket of renewable energy stocks -- like an exchange-traded fund (ETF) -- that someone else monitors and updates as needed. To this end, the iShares Global Clean Energy ETF (NASDAQ: ICLN) is one of your best -- and easiest -- bets.
If you think the clean-energy business has exploded over the past 10 years, the best is yet to come. Long-awaited legislation favoring renewables is finally kicking in.
Source Fool.com
