News Column

United States : ALTERNATIVE energy mutual fund market

July 5, 2014

Alternative energy mutual funds are a strong investment sector, which has strong returns. On average, MFs gained 28.1% for the year, and every fund doubled digit returns, without the exception of all funds for the past 3 months.

Long-term returns for alternative energy mutual funds have improved. In June 2013, the average 3-year return was 3.0%, with 3 out of 10 funds showing losses.

Green ETFs increased their gains since May, which was up by 37.6% for the year. This is an improvement compared to the 25.7% average annual gain a month ago.

There is 1 fund showing a loss, which is the Market Vectors Rare Earth/Strategic Metals. Otherwise all ETs returned near 20% or better. The 2 solar ETFs, Guggenheim Solar and Market Vectors Solar Energy ETF showed the greatest gains.

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Source: TendersInfo (India)

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