Alternative Energy Mutual Funds and ETFs Returns Flatten
Alternative Energy Mutual Fund Returns
Alternative energy mutual funds have given back some of the gains they have enjoyed since the beginning of the year, though they are still up almost 20% on average. All MFs are in positive territory, with annual returns ranging from 9.8% to 40.9%. MFs are also up nicely for the week and month, but on average are down slightly in the past three months.
These returns are very different than those of just five months
ago, when alternative energy MFs were doing almost twice as
Alternative Energy ETF Returns
Alternative energy Exchange Traded Funds are up 25.7% for the year on average, with all except one posting gains. Solar ETF Guggenheim Solar (TAN) has the greatest gains, up 63.1% in 12 months. Market Vectors Rare Earth/Strategic Metals (REMX) is still down for the year, off 20.1%.
Quarterly returns are much more mixed, with only 5 out of 17 ETFs
up in the past three months. The largest three month loser is
iPath Global Carbon ETN (GRN),
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