Blue Wave Unleashes $1 Billion of Demand for Clean-Energy ETFs

A Democratic sweep of both houses of the U.S. Congress stoked a record flood of cash into renewable-energy exchange-traded funds this week.

The $6.2 billion iShares Global Clean Energy ETF (ticker ICLN) lured a record $691 million of inflows so far this week, according to data compiled by Bloomberg. Meanwhile, the $4.6 billion Invesco Solar ETF (ticker TAN) is on track to take in nearly $370 million this week -- another all-time haul.

The flood follows a strong Democratic showing in this week’s runoff elections in Georgia, which tipped control of the Senate to President-elect Joe Biden’s party. ...