21 Apr '11, 1pm

Top Performing Clean Energy Funds in 2010

Top Performing Clean Energy Funds in 2010

But the one I consider to be the best, the Gabelli SRI Green Fund (SRIGX ) was nowhere to be seen, despite the fact that it returned 12.1% in 2010. The third is the New Alternatives Fund (NALFX ). (There's more about why I like these clean energy funds here .) The discrepancy arises because BNEF and I track different lists (my clean enenrgy mutual fund list is here , and the ETF list is here .) My lists include only US-traded funds, while BNEF's is global. BNEF also restricts their list to funds that are at least 50% exposed to clean energy. According to a conversation I recently had with John Segrich, SRIGX's manager, he had mostly moved out of renewable energy companies last year because he was bearish on the sector. This turned out to be a wise move, since most clean energy companies had large losses in 2010, with the Wilderhill New Energy Global Innovation Index (NEX) ...

Full article: http://www.renewableenergyworld.com/rea/news/article/2011...

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