ETFdb Logo
  • ETF Database
  • Channels
    • Themes
      • Active ETF
      • Alternatives Channel
      • Artificial Intelligence
      • China Insights
      • Climate Insights
      • Core Strategies
      • Crypto
      • Disruptive Technology
      • Energy Infrastructure
      • ETF Building Blocks
      • ETF Education
      • ETF Investing
      • ETF Strategist
      • Faith-Based Investing
      • Financial Literacy
      • Fixed Income
      • Free Cash Flow
      • Innovative ETFs
      • Invest Beyond Cash
      • Leveraged & Inverse
      • Modern Alpha
      • Portfolio Strategies
      • Tax Efficient Income
    • Asset Class
      • Equity
        • U.S. Equity
        • Int'l Developed
        • Emerging Market Equities
      • Alternatives
        • Gold/Silver/Critical Materials
        • Crypytocurrency
        • Currency
        • Volatility
      • Fixed Income
        • Investment Grade Corporates
        • US Treasuries & TIPS
        • High Yield Corporates
        • Int'l Fixed Income
    • ETF Ecosystem
    • ETFs in Canada
    • Market Outlook
  • Tools
    • ETF Screener
    • ETF Country Exposure Tool
    • ETF Database Categories
    • Indexes
    • Scenario Analysis
    • Watchlists
    • Head-To-Head ETF Comparison Tool
    • Mutual Fund To ETF Converter
    • ETF Stock Exposure Tool
    • ETF Issuer Fund Flows
  • Research
    • ETF Education
    • Equity Investing
    • Dividend ETFs
    • Leveraged ETFs
    • Inverse ETFs
    • Index Education
    • Index Insights
    • Top ETF Sectors
    • Top ETF Issuers
    • Top ETF Industries
  • Webcasts
  • Themes
    • AI ETFs
    • Blockchain ETFs
    • See all Thematic Investing ETF themes
    • ESG Investing
    • Marijuana ETFs
  • Multimedia
    • ETF 360 Video Series
    • ETF of the Week Podcast
    • Gaining Perspective Podcast
    • ETF Prime Podcast
    • Video
  • Company
    • About VettaFi
    • Get VettaFi’ed
  • PRO
    • Pro Content
    • Pro Tools
    • Advanced
    • FAQ
    • Pricing
    • Free Sign Up
    • Login
  1. Innovative ETFs Channel
  2. Election Results Not Bad News for PBW and PBD
Innovative ETFs Channel
Share

Election Results Not Bad News for PBW and PBD

Tom LydonNov 14, 2022
2022-11-14

Renewable energy and clean technology stocks are, in financial market terms, somewhat young assets, but relative youth hasn’t prevented these stocks and ETFs from developing a reputation for political sensitivity. As such, going into Election Day, it was reasonable to expect that a “red wave” could be damaging to ETFs such as the Invesco WilderHill Clean Energy ETF (PBW B) and the Invesco Global Clean Energy ETF (PBD B+).

Indeed, both ETFs slumped on Wednesday, but that was the result of a broader market slide caused by some lingering uncertainty regarding election results. Entering Wednesday’s trading session, results of four Senate and dozens of House races weren’t yet known. Over the course of the trading session, markets absorbed news of a clear Senate winner in Wisconsin and news that the Georgia contest is heading to runoff. Overall, things could have been much worse for ETFs like PBD and PBW.

“Clean-energy stocks and exchange-traded funds rose modestly Wednesday after the midterm election’s widely anticipated ‘red wave’ failed to materialize. Climate investors appeared to take comfort that the current agenda for a transition to renewable energy would likely move forward,” reported Barron’s.

Prior to Election Day, the prevailing wisdom held that Republicans could make substantial gains in either or both chambers of Congress. In reality, the gains proved modest, potentially providing jittery renewable energy investors with reasons to stay the course.

“Heading into Tuesday’s election, some analysts had expected that Republicans might try to slow the implementation of the landmark Inflation Reduction Act, an expansive climate, healthcare, and tax package, if they managed to flip Congress. Meanwhile some top executives say clean energy is becoming increasingly bipartisan,” according to Barron’s.

Regarding the Inflation Reduction Act, much of Republicans’ opposition to that bill pertained to concerns about more government spending at a time when the Consumer Price Index (CPI) resides at 40-year highs and that the legislation was loaded with pork with little or new relevance to renewable energy.

In fact, in what may surprise some investors, Republicans actually have a conservative climate caucus in Congress. That could be a sign there’s more bipartisan support for renewable energy and decarbonization than meets the eye, and that could be a positive for investors considering PBD and PBW.

For more news, information, and strategy, visit the Innovative ETFs Channel.

Loading Articles...
Our Sites
  • VettaFi
  • Advisor Perspectives
  • ETF Trends
Tools
  • ETF Screener
  • Mutual Fund to ETF Converter
  • Head-To-Head ETF Comparison
  • ETF Country Exposure Tool
  • ETF Stock Exposure Tool
  • ETF Database Pro
More Tools
  • Financial Advisor & RIA Center
Explore ETFs
  • ETF News
  • ETF Category Reports
  • Premium Articles
  • Alphabetical Listing of ETFs
  • Browse ETFs by ETF Database Category
  • Browse ETFs by Index
  • Browse ETFs by Issuer
  • Compare ETFs
Information
  • Contact Us
  • Terms of Use and Privacy Policy
  • © 2025 VettaFi LLC. All rights reserved.

Advertisement

Is Your Portfolio Positioned With Enough Global Exposure?

ETF Education Channel

How to Allocate Commodities in Portfolios

Tom LydonApr 26, 2022
2022-04-26

A long-running debate in asset allocation circles is how much of a portfolio an investor should...

Core Strategies Channel

Why ETFs Experience Limit Up/Down Protections

Karrie GordonMay 13, 2022
2022-05-13

In a digital age where information moves in milliseconds and millions of participants can transact...

}
X