Renewable energy stocks look set to rally

Which companies will benefit from the energy transition?
How much growth can we expect after a +164% performance in 2020?
Will the ‘green rally’ persist with US Infrastructure Plan’s approval?

The target fund of Manulife Global Energy Transition is currently well below this year’s peak, is this a good time for entry?

Head, Investment Strategy & Advisory
Standard Chartered Bank Malaysia

Co-Head Environment Strategies Group
BNP Paribas Asset Management

Ulrik shared that the Manulife Global Energy Transition fund delivered 164% returns in 2020 and is also the target fund of the new Manulife Global Energy Transition.

We discussed about the transition from traditional oil and gas to renewables (solar, wind and hydrogen power). Ulrik also shared the potential beneficiaries of the transition towards electric vehicles (EV).

Here are three key highlights, or you can catch the replay below:

1. Opportunities in energy transition presents itself in decarbonization, digitalization and decentralization which includes renewable energy production, improvements in power storage and industrial automation and an upgrade in electricity grid & EV usage.

  
2. The cost of renewable energy production has dropped by 90% in the last decade and is now the cheapest energy source in many places globally. The rapid rise of crude oil prices above USD 70 per barrel has made the case for renewable energy even stronger.

  
3. Governments will underpin energy transition as new regulations and policies propel adoption of renewable energy sources and phasing out of internal combustion engine vehicles, such as EU Green Deal, US infrastructure plan and China 14th five-year pan.

Access Ulrik’s strategy via the Manulife Global Energy Transition, exclusively available only through Standard Chartered. Subscribe today through SmartDirect on your SC Mobile.