ESG5 Summit brief

A conference hosted in NYC in early April, 2019 ESG5 SUMMIT showcased the issues of current concern to institutional asset managers.  ESG as a term is a rebranding of SRI (socially responsible investing) and CSR (corporate social responsibility) now under broad headings of Environment Social & Governance, to reflect that it is more than just an investing style, but is concerned with risk management and value creation.   ESG strategies are being pursued by a range of participants, including public and private pension funds, mutual funds and ETFs, family offices and sovereign wealth funds, and advisors and advocacy groups. The goals are...
Mutual Funds Store

List of Clean Energy and Alternative Energy Mutual Funds

Alternative energy and clean energy mutual funds are open-ended funds that invest primarily (at least 50% of the portfolio) in the securities of clean energy and alternative energy companies.  Closed-end funds are included in the list of alternative energy and clean energy ETFs. This list was last updated on 8/12/2020. Allianz RCM Global EcoTrendsSM Fund (ADGLECO.TT) Calvert Global Energy Solutions Fund Class A (CGAEX); Class C (CGACX) Calvert Green Bond Fund (CGAFX) Ecofin Global Renewables Infrastructure Fund (ECOIX) Erste WWF Stock Environment CZK (AT0000A044X2.VI) Eventide Multi-Asset Income (ETNMX) Fidelity Select Environment and Alternative Energy Portfolio (FSLEX) Firsthand Alternative Energy (ALTEX) Gabelli ESG Fund Class AAA (SRIGX); class C (SRICX) Guinness Atkinson Alternative Energy...

Investing In Renewable Energy 101

UPDATE 3/4/2011: An up-to date article on selecting green mutual funds and ETFs can be found here. Why Invest in Renewable Energy? Given all the attention that renewable energy is getting in the news over the last couple years, investing in renewable energy has become a hot topic.  People are drawn to renewable energy for one of several reasons: To fight Global Warming To prepare for Peak Oil. To improve Energy Security and local economies. To cash in on the above trends. The beauty of investing in renewable energy companies is that these goals are not...

An Actively Managed Green ETF: HECO

Tom Konrad CFA Deepwater Horizon Oil slick, as seen by NASA satellite, May 24, 2010 For a growing number of people, ecological responsibility means more than just recycling and changing our light bulbs.  Many have started to ask, “How much good does saving a few hundred gallons of gas with a hybrid car do, when the mutual funds in your 401k own companies that are allowing 6.6 million barrels of oil to spill into the Gulf of Mexico, or fund misinformation about climate change?” For most, the answer...

Vacation, Updated Graphs, and 2 Conferences

Vacation and Meet Me at the Colorado Renewable Energy Conference or the International Peak Oil Conference. Tom Konrad, Ph.D., CFA I'm on vacation this week, so I'm going to leave you with a preview from a presentation I will be giving at the Colorado Renewable Energy Conference on Aug 29 in Golden Colorado. I'm updating my Investing in Renewable Energy presentations, and I've been able to incorporate a lot of the work Charles and I did on clean energy mutual funds and ETFs since January this year. ETF Holdings Revealed Charles did some in-depth work...

Green Energy ETFs Compared

UPDATE 3/4/2011: An up-to date article on selecting green mutual funds and ETFs can be found here. Green energy Exchange Traded Funds (ETFs) are the simplest way to invest in the sector at reasonable expense.  Here is what you need to know to choose. Tom Konrad, Ph.D., CFA Why ETFs? Investors interested in a simple way to invest in a diverse basket of renewable energy and energy efficiency companies should consider Exchange Traded Funds (a.k.a. ETFs) first.  Although green energy mutual funds will be more familiar to many investors, they come with costs that are difficult to justify...

Outstanding Annual Returns for Alternative Energy Mutual Fund, ETF Returns Mixed

By Harris Roen Mutual Funds Annual returns for alternative energy MFs are excellent, up a very respectable 23% on average. Not a single MF is trading down over the past 12 months, with even the smallest gainer up over 14%. Three month returns are more variable, but are still up 4.5% on average. Shorter term returns have all turned negative, though they are in line with recent drops in the broader market. For example, both the Dow Jones Industrial Average and S&P 500 Index are down about 4% for the week, and around 3.5%...

The Bull Market For Alternative Energy Funds Continues

By Harris Roen Robust Alternative Energy Mutual Fund Returns Alternative energy mutual funds remain a strong investment sector, showing extremely robust returns in June. On average, MFs gained 28.1% for the year, and every fund posted double digit returns. Also without exception, all funds are up for the past three months. More importantly, long-term returns for alternative energy mutual funds have greatly improved in the past year. In June 2013, the average three-year return was 3.0%, with three out of 10 funds showing losses. Green ETFs Increase Gains Green ETFs have significantly...

Shares of Daystar Technologies Purchased

DayStar Technologies Inc (DSTI) has been on my radar for some time and the recent operational update created some renewed interest in the company. The stock traded up nicely over the past couple of days and it is now trading back down to the near term support due to some profit taking on the news. I have been looking for a good entry point on this stock and I feel like today is the day to make the move. Technically, the downside of this stock is that it may not be able to hold its currently levels and could...

Options on Clean Energy ETFs

In my recent article about Green Energy Exchange Traded Funds (ETFs), I said that there were two main criteria investors should consider when choosing one (the fund's expense ratio, and its investment universe.)  This is true for investors who are looking for a single investment in alternative energy, but if you are a more sophisticated investor or speculator, there's another important criterion: Is there a market for exchange traded options on the ETF? I personally love selling (a.k.a. "writing") options.  If the stock market is a casino, option sellers are the house.  Longtime readers will recall my article last...

Not All Alt Energy ETFs Were Created Equal

Charles Morand A few months ago, I conducted analyses of the wind and solar power ETFs. I've recently turned my attention to the general alternative energy ETFs, or those that span several sectors. The general alt energy ETFs fall into two categories: 1) US Only and 2) Global. The US Only ETFs are the First Trust NASDAQ Clean Edge US Liquid (QCLN) and the PowerShares Clean Energy (PBW). The Global ETFs are the iShares S&P Global Clean Energy Index ETF (ICLN), the PowerShares Global Clean Energy Portfolio (PBD) and the Van Eck Global Alternative Energy Fund (GEX). The chart below shows...

Alternative Energy and Climate Change Mutual Funds, Part IV

Tom Konrad CFA Cherry picking the holdings of green energy mutual funds. So far in this series I've concentrated on trying to pick the best of the Alternative Energy and Climate Change Mutual Funds.  This is a difficult task, because while I found in Part III that most of the funds' performance has been better than comparable index ETFs, these mutual funds' costs are quite high, even by the standards of most mutual funds, as I discussed in Part I.  In part II, I tried looking at the sector breakdown of the funds' holdings, to see if...

Shares of Hydrogenics Purchased

Hydrogenics Corp (HYGS) is a developer of fuel cell technology and hydrogen generation. They are also working with wind farm technology in the generation of hydrogen. Back in January of this year they successfully completed the purchase of Stuart Energy which compliments their product portfolio. Shares of the stock have been under pressure for the last couple of months due to missed expectations on Q1 revenue results. There is also some major concern about an increase in product backlog. In August, HYGS issued their most recent quarterly earnings and are attempting to reassure the...

2015: a Mixed Year for Alternative Energy Funds

By Harris Roen Alternative Energy Mutual Funds Trade Flat for the Year Alternative energy mutual funds followed the overall stock market this year, closing about flat on average for 2015. The story gets more interesting, though, when you look at gains in the last quarter. Sectors such as solar and wind took a big hit by September, but then rebounded handsomely before years end. Green MFs were up 7% on average for the past three months, with 14 out of the 15 funds trading in the black…   ETFs are Widely Lower 2015 was a year...

The Best Clean and Renewable Energy ETFs

Tom Konrad CFA For short term holders, the Powershares Wilderhill Clean Energy ETF (PBW) is the best If cost is the most important factor, an individual investor without the time or expertise to build a clean energy stock portfolio should choose one of the clean energy Exchange Traded Funds (ETFs).  I recently reversed my former stance, and now believe that cost should not be the only factor, because the evidence suggests that, in clean energy at least, the active management available from a mutual fund or an advisor who works with individual stocks can...

Alternative Energy and Climate Change Mutual Funds, Part III

Tom Konrad CFA Past performance of green energy mutual funds. In part I of this series, I looked at the full costs of alternative energy and climate change mutual funds.  I concluded that they were quite expensive, ranging from over 2% per year, to almost 6%.  In a stock market that has historically produced returns of about 10.5% per year, but has been flat for the last decade, even 2.5% in expenses per year would have resuted in a substantial loss of value.  In order to make up for the drag on returns, these mutual funds will...