By Harris Roen
Alternative Energy Mutual Funds, Solid Long-Term Gains
Returns for alternative energy mutual funds are virtually flat on average for the past three months, down slightly at a loss of 0.3%. The best short-term performer is Pax World Global Environmental Markets (PGRNX), up 2.1%… Over the longer term, returns for alternative energy mutual funds remain very strong. MFs are up 14.7% on average, with all companies showing double-digit gains on an annualized basis…
Returns for ETFs are ranging widely
Returns for ETFs are ranging widely, both in the short and long terms. The top performing alternative energy ETF over the past three years is Guggenheim Solar (TAN), up an impressive 34% on an annualized basis. In the short term, though, TAN comes out as the worst performing green ETF, down over -12% in the past three months… The wide variation in returns for these and other ETFs reflect both the volatile and promising nature of alternative energy investing…
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 firstname.lastname@example.org. 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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