14 Jan '14, 3pm

Alternative Energy Mutual Fund and ETF Year End Update

Alternative Energy Mutual Fund and ETF Year End Update

Alternative Energy Fund Returns 2013 has been the year of the comeback for alternative energy mutual funds and ETFs. As of close last week, green mutual funds are up 37 percent on average. Without exception, not one of the 13 mutual funds ended down for the year. ETFs did even better on average, up 43 percent, with 14 out of 17 funds posting gains for the year. Contrast this with last year, when alternative energy mutual funds were up less than 10 percent for the year, with 2 out of 8 mutual funds closing down. Alternative energy ETFs fared even worse, down 3 percent in 2012. Half of the ETFs closed down in the red. 2013 returns were best for funds heavily invested in solar stocks, including Firsthand Alternative Energy (ALTEX ), Guggenheim Solar (TAN), Market Vectors Solar Energy ETF (KWT) and First Trust NASDAQ® Clean Edge® Green Energy Index Fund (QCLN ). Many of the so...

Full article: http://www.renewableenergyworld.com/rea/news/article/2014...

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