Congress passes climate bill, Investors flock  to green energy funds.

By The Exchange Team

As President Biden prepares to sign a $369 billion bill for climate and energy funding, interest in green energy funds has risen.

Morningstar Direct estimates that $425.5 million has been invested in U.S. renewable energy ETFs through August 12.

John McGlothlin III of Southwest Retirement Advisors in Austin, Texas, Said, "I Think we're Entering new Territory."

The House passed The IRA on Friday, which includes manufacturing, R&D, natural resource preservation, and individual tax incentives.

Russia's war on Ukraine boosted green energy funds in March after months of investors leaving the space.

McGlothlin said renewable energy investing may start like other assets.

But You should review your renewable funds periodically to ensure they still align with your goals.