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Alternative Energy Mutual Funds Trade Down for the Year
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%.
ETFs are Widely Lower
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
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
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About the author
Harris Roen is Editor of the “ROEN FINANCIAL REPORT” by
Swiftwood Press LLC, 82 Church Street, Suite 303, Burlington, VT
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