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Top Ranked Alternative Energy Mutual Funds and ETFs for October

The Roen Financial Report issued its monthly ranking of alternative energy Mutual Funds (MFs) and Exchange Traded Funds (ETFs). The latest update caused changes at the top of ranks for both MFs and ETFs.


MUTUAL FUNDS (MFs)

Both Guinness Atkinson Alternative Energy (GAAEX) and Alger Green A (SPEGX) dropped one rank this month.

GAAEX measures well in the fundamentals of its underlying securities, such as price/sales and price/earnings, but comes up short on overall expense ratio and return metrics.  On the contrary, SPEGX has a good expense ratio relative to the other funds, but holds alternative energy companies that are less robust on their fundamentals. Having said that, SPEGX gained an impressive 25% in the last 12 months, whereas GAAEX has dropped 21% in value.

DWS Clean Technology (WRMSX) was liquidated in September, so will no longer be ranked.


EXCHANGE TRADED FUNDS (ETFs)

This month two ETFs, First Trust NASDAQ® Clean Edge® Smart Grid Infrastructure Index Fund (GRID) and PowerShares WilderHill Progressive Energy Portfolio (PUW) dropped out of their top ranked slots.

GRID ranks low in both forward and trailing price/earnings ratios, and has high potential capital gains exposure, so drops down to a Rank 4. PUW just drops one notch to a Rank 2, as it retains strong ratings for having low management fees and low risk. Both funds posted strong annual returns, so if you own GRID this may be a good time to take some profits.


Remember to always consult with your investment professional before making important financial decisions.



IMPORTANT INFORMATION

Individuals involved with the Roen Financial Report and Swiftwood Press LLC do not own or control shares of any Mutual Funds or Exchange Traded Funds mentioned in this article, but may own or control shares of one or more of the underlying securities contained in the funds. Any advice and/or recommendations made in this article are of a general nature and are not to be considered specific investment advice. Individuals should seek advice from their investment professional before making any important financial decisions. See Terms of Use for more information.

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