Sharp drops for alternative energy mutual funds and ETFs

By Harris Roen

Alternative Energy Mutual Funds Down for the Quarter, Mixed for the Year

Alternative energy mutual funds have turned sharply lower over the past three months. Of the 14 MFs that the Roen Financial Report tracks, all but one are down for the quarter. Five are posting double-digit declines. On average, the drop in MFs are similar to that of the S&P 500 and Down Jones Industrial Average, which fell 7.44% and 9.6% respectively. The only MF showing a gain…

ETFs are Widely Lower

Green ETF's are showing poor returns on both a three month and one year basis. ETFs on average are off -16.5% for the quarter, and -20.7% for the year. All ETFs are down over both time periods with the exception of one fund, iPath Global Carbon ETN (GRN). Even on a three year basis, ETFs are up only 3.7% on average, far lower than their MF counterparts

DISCLOSURE

Individuals involved with the Roen Financial Report and Swiftwood Press LLC do not own or control shares of any companies mentioned in this article. It is also possible that individuals may own or control shares of one or more of the underlying securities contained in the Mutual Funds or Exchange Traded Funds mentioned in this article. 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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