iShares Global Clean Energy ETF is trading 5.1% down today as stronger-than-expected U.S. jobs data fuels expectations for higher-for-longer interest rates, prompting a sharp rotation from growth to value sectors.
- Investors are dumping high-beta clean energy and growth plays in favor of industrial and cyclical sectors amid broader risk-asset weakness.
- The decline is being driven by macroeconomic shifts and interest rate jitters rather than any major, ETF-specific idiosyncratic shocks.