Clean Energy: Berenberg sees slowing flow across ETFs

Mcphy Energy SA

16/06/2021 09:41

** Berenberg says inflows have slowed across clean energy
exchange-traded funds (ETFs) in recent weeks, with the solar,
biofuel and hydrogen sectors among the top performers
    ** Aggregate market capitalisation across the funds remained
relatively steady since early March, at $18 bln (up 540% in 12
months), after peaking at around $24 billion in Feb. 
    ** Broker says overall holdings across the ETFs grew 9% to
201 since April, boosted by the expansion of the MSCI clean
energy index, with positions of around 4% in Spain's Solaria
 SLRS.MC , Sweden's PowerCell  PCELL.ST  and France's McPhy
 MCPHY.PA  
    ** In terms of performance, biofuel and solar firms lead the
way over the last 12 months, says broker, carried by biofuel and
battery companies and a strong run from Ilika  IKA.L  and McPhy
    ** Berenberg's top picks are Norway's Aker Carbon Capture
 ACC-ME.OL , thanks to its leading technology and lower cost
forecasts, and Denmark's Vestas  VWS.CO , which it expects to
benefit from margin recovery in onshore turbines and a new
offshore product
    ** Clean energy firms Scatec  SCATC.OL , Siemens Gamesa
 SGREN.MC  and Vestas are among the top performers on the
pan-European STOXX 600  .STOXX  index, up 2-3% in early trading

 ((sarah.morland@thomsonreuters.com; +48 58 769 65 92;))