The Roen Financial Report closely covers the universe of 30 alternative energy Mutual Funds (MFs) and Exchange Traded Funds (ETFs). We use a proprietary ranking method to pick the best funds, looking at measures that include fees, risk, tax liability, and the financial health of individual holdings within each fund. Subscribers: click here for a detailed report on green funds, including rankings and technical breakdowns, in both Excel and PDF format.
Alternative Energy Mutual Fund Returns
Alternative energy mutual funds have posted extremely strong returns across the board. Gains have shown a wide breadth, with all MFs up for the last 12-month and 3-month periods. In the past year, all funds are up double digits.
A new fund has been added to our tracking system, Calvert Green Bond A (CGAFX). This fund started trading in November 2013, and is the first green open end bond fund designed for retail investors. CGAFX focuses at least 80% of its assets on “…opportunities related to climate change and other environmental issues.”
Credit ratings for holdings in CGAFX are solid overall. Almost 70% are invested in either cash, U.S. Treasuries, or A rated bonds or better… (subscribers click here for more)
Alternative Energy ETF Returns
The two purest solar funds, Guggenheim Solar (TAN) and Market Vectors Solar Energy ETF (KWT), show the strongest returns. Both have more than doubled in the past in the past year, and both are up by about a third in the past three months.
The two mining funds in this group, Global X Lithium ETF (LIT) and Market Vectors Rare Earth/Str Metals (REMX), are the poorest performers. REMX is down 23% for the year, and LIT is basically flat… (subscribers click here for more)
Remember to always consult with your investment professional before making important financial decisions.