Can Alternative Energy Mutual Funds and ETFs Continue to Beat the Market?
Alternative Energy Mutual Fund ReturnsAlternative energy mutual funds have proven to be an excellent investment over the past year or more, but those gains have flattened out as of late. MFs are up 33% on average with even the lowest returning fund, Gabelli SRI Green AAA (SRIGX), up 15% for the year.
The alternative energy sector is by far beating the overall market. For comparison, as of April 21 the tech heavy NASDAQ was up around 27% for 12 months, the S&P 500 by 20%, and the Dow Jones Industrial Average only 13%
Alternative Energy ETF ReturnsGreen ETFs are posting excellent gains overall for the past 12 months, up 51% on average. As with MFs, quarterly returns are relatively flat, with the exception of nice gains in First Trust ISE-Revere Natural Gas Index Fund (FCG) and iPath Global Carbon ETN (GRN).
An indication of how much the fortune of alternative energy ETFs have changed can be found by looking at long-term returns. Currently alternative energy ETFs are down 5.9% on average over a three-year time frame. Eight out of 14 funds, or a bit less than half, are trading down. Compare that with a year ago, when alternative energy ETFs were down 15.5% on average over a three-year time frame, with more than 70% of funds showing a loss. When looking at where annual returns were a year ago, about 40% of the alternative energy ETFs were down. On average the ETFs were flat for the year, as compared to the large one-year gains alternative energy ETFs are showing now…
Individuals involved with the Roen Financial Report and Swiftwood
Press LLC do not own or control shares of any companies mentioned
in this article. It is also possible that individuals may own or
control shares of one or more of the underlying securities
contained in the Mutual Funds or Exchange Traded Funds mentioned
in this article. Any advice and/or recommendations made in this
article are of a general nature and are not to be considered
specific investment advice. Individuals should seek advice from
their investment professional before making any important
for more information.
About the author
Harris Roen is Editor of the “ROEN FINANCIAL REPORT” by
Swiftwood Press LLC, 82 Church Street, Suite 303, Burlington, VT
05401. © Copyright 2010 Swiftwood Press LLC. All rights reserved;
reprinting by permission only. For reprints please contact us at
email@example.com. POSTMASTER: Send address changes to Roen
Financial Report, 82 Church Street, Suite 303, Burlington, VT
05401. Application to Mail at Periodicals Postage Prices is
Pending at Burlington VT and additional Mailing offices.
Remember to always consult with your investment professional before making important financial decisions.
|Tweet||Add to Flipboard Magazine.|