By Harris Roen
Mutual Funds (MFs)
Falling fossil fuel prices have hampered 2014 returns for alternative energy mutual funds. Returns are slightly down on average for the past three-month, with a third of funds showing losses. Monthly gains fared worse, with only 2 out of 14 funds in the black. One-year returns are flat on average, and range from a high of 8.3% for Gabelli SRI Green AAA (SRIGX), to a low of -14.3% for Guinness Atkinson Alternative Energy (GAAEX)…
Exchange Traded Funds (ETFs)
Alternative energy ETFs had a wide range of returns for 2014, but ended mostly down. Only 3 out of 17 ETFs showed gains, with the average ETF falling -5.7%. If the two outliers are removed, the outsized returns of iPath Global Carbon ETN (GRN) and severe drop of First Trust ISE-Revere Natural Gas Index Fund (FCG), alternative energy ETFs averaged down -7.3% for the year…
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.
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