"A dark cloud" hangs over green stocks, says portfolio manager

The renewable sector has been particularly vulnerable to rising interest rates, the FT reports. Martin Slipsager Frandsen, portfolio manager at Principal Asset Management comments.
“There’s a dark cloud hanging over green stocks,” says Martin Slipsager Frandsen, portfolio manager at Principal Asset Management. | Photo: Pexels / Moritz Böing
“There’s a dark cloud hanging over green stocks,” says Martin Slipsager Frandsen, portfolio manager at Principal Asset Management. | Photo: Pexels / Moritz Böing

The S&P Global Clean Energy Index is nearing its worse annual performance since 2013, as higher interest rates take their toll on the sector, the Financial Times writes.

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