Top 5 ETFs Set to Gain from the Inflation Reduction Act

ETFs Poised to Benefit from the Inflation Reduction Act

Are you ready to understand how the recent market moves could impact your investments? Let’s explore what lies ahead in the world of ETFs.

Exploring the Inflation Reduction Act

President Biden recently signed the inflation reduction act of 2022, ushering a new era of climate spending in the US. With $370 billion allocated to combat climate change, this bill offers tax credits for various energy sources, including wind, solar, hydrogen, nuclear, and battery storage.

Global X ETFs to Watch

One ETF to keep an eye on is the Global X Lithium & Battery Tech ETF (LIT). This fund benefits from the rising demand for lithium in electric vehicles, renewable energy storage, and mobile devices. Companies like Albemarle (ALB) and Tesla (TSLA) are among its top holdings.

Another sector gaining traction is nuclear energy, with the Global X Uranium ETF (URA) focusing on uranium mining and nuclear components companies.

For renewable energy enthusiasts, the Global X Renewable Energy Producers ETF (RNRG) invests in companies generating energy from sources like wind, solar, hydroelectric, geothermal, and biofuels.

If you’re specifically interested in solar energy, the Global X Solar ETF (RAYS) is worth considering. Additionally, the Global X CleanTech ETF (CTEC) focuses on companies developing technologies to reduce environmental impacts.

Thematic ETF Strategies

How can thematic ETFs be utilized in your portfolio? Tune in to our podcast to learn more about these ETFs and their potential benefits in the current market environment.

If you want to learn more about the ETFs mentioned here, click the links below:

For more insights and recommendations from Zacks Investment Research, click here.

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Read More of this Story at – 2024-06-07 18:29:53

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