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> this will cause Texas schools to lose out on the gains from rapidly growing clean energy companies The existence of rapidly growing clean energy companies is
by marcusverus 3y ago
> this will cause Texas schools to lose out on the gains from rapidly growing clean energy companies
The existence of rapidly growing clean energy companies is only meaningful if BlackRock can reliably pick those winners in advance. A quick Google search for their clean energy funds returned two. Over the last 5 years, ICLN underperformed the S&P 500 by 50%. BECO gave negative returns. Yikes!
https://www.google.com/finance/quote/ICLN:NASDAQ?window=5Y&comparison=INDEXSP%3A.INX%2CNYSEARCA%3ABECO https://www.google.com/finance/quote/ICLN:NASDAQ?window=5Y&c...
- mgk123 3y agoIn fairness BECO inception date was 3 Aug 2021, so under 5 years.