While the conflict between Russia and Ukraine has been boosting the price of commodities such as gas, the energy industry has seen a lot of spotlight. The Energy Select Sector SPDR Fund (XLE) has grown 32% on the year by investing in energy stocks within the S&P 500. As the world is trying to de-carbonize, energy ETFs are aimed for the long run and a cleaner future.
ETF Newz Says:
It may be time to run out of Energy as we get to destructive pricing levels where behaviors start to change.
