Alternative energy mutual funds have taken a hit, down 6.5% on average over the past 12 months. Just three of the 15 mutual funds we track are up for the year. The largest gainer, Brown Advisory Sustainable Growth Inv (BIAWX), is only up an anemic 6.2%.
Much of the difficulty is due to a drop in solar stocks over the past 12 months. For example, if you look at the top weighted holdings of Guinness Atkinson Alternative Energy (GAAEX), nine out of 15 are solar stocks. All of those solar stocks are down for the year, off an average of 22%.
The April 2016 edition of Alternative Energy Mutual Funds & Exchange Traded Funds report is now available. Visit our Mutual Fund/ETF site to download your copy.
Alternative energy ETFs have suffered what can only be called stunning declines in the past 12 months. Of the 22 ETFs that we track (that have been trading more than a year), 19 are trending down. Two of the bottom three performers are solar ETFs. Alternative energy ETFs have fared better in the past quarter, with slightly more than half of ETFs trading in positive territory…
Remember to always consult with your investment professional before making important financial decisions.