Invesco launches ETF providing exposure to 'constantly evolving' clean energy space

Follows WilderHill New Energy Global Innovation index

Invesco has launched a new ETF that follows the WilderHill New Energy Global Innovation index to provide investors with exposure to the "transition to cleaner sources of energy".

By following the WilderHill index, the Invesco Global Clean Energy UCITS ETF will invest in companies focused on wind, solar, biofuels, hydro and other renewable energy sources, as well as those involved in energy conversion, storage, conservation and efficiency, and will avoid companies with exposure to fossil fuels. Invesco said the WilderHill New Energy Global Innovation index is an equally-weighted index which rebalances quarterly, an approach that reduces concentration risk compared to a market-cap-weighted index and "provides the ETF with meaningful exposure to the full breadth of ...