Baseload, Bioenergy, Energy Efficiency, Geothermal, Solar, Storage, Wind Power

Green Mutual Funds and ETFs May Recover in 2015

Alternative energy mutual funds are continuing to recover from a slump which started in fall 2014. Annual returns range greatly, though, from a high of 15.6 percent for Brown Advisory Sustainable Growth (BIAWX), to a low of -15.8 percent for Guinness Atkinson Alternative Energy (GAAEX). The large 12-month drop by GAAEX was precipitated by painful losses in some of its top weighted holdings.

Alternative Energy ETFs Remain Volitile

Green ETFs are showing a wide variety of returns, reflecting the volatility of the renewable energy sector. Less than 20 percent of ETFs have had gains in the past 12 months, with returns ranging from a gain of 28.5 percent for iPath Global Carbon ETN (GRN), to a loss of -48.1 percent for First Trust ISE-Revere Natural Gas Index Fund (FCG). ETFs have fared much better over the past three months. A little more than half of the funds ended in the black, averaging a gain of 3.8 percent.

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This article was originally published on the Roen Financial Report and was republished with permission.