Green Mutual Funds
The world is gradually opening its eyes to the skyrocketing oil prices and the subsequent need for alternative energy that has grown up with it. As a result a lot many eco-friendly companies are coming in to play. So, if you wish to make some green investments too then nothing could be better than green mutual funds . Let’s have al look at some of the best green funds on offer these days:
A Sampling of Green Mutual Funds
Spectra Green: If you want to make money through the perfect strategy then spectra Green Fund (SPEGX) is the name to go for. This environmental fund has the track of almost 17% average returns over the last five years and is doing extremely good.
Calvert Large Cap: If you are in for big names then nothing can beat Calvert. It is the perfect combination of reputation and responsibility. It invests in large cap stocks and is known for being extremely environment friendly. Apple, AT&T and Amazon form the top holding of Calvert and therefore you get good exposure to the other top names. The fund has been able to produce real good returns and has been known for being diversified and stable.
Guinness Atkinson Alternative Energy Fund: Alternative energy is the latest hot cake in plate. And GAAEX itself is a new player who has exhibited some great results. Although the fund saw an initial dip, the returns have now been constant on the average of 16% per year.
New Alternatives Fund: It has been a long player with a very good track record. It has been constantly performing well since its inception. The general understanding is that the alternative energy companies are small caps that have the potential to produce bigger returns but the risk involved is higher as well. But the mutual funds are equipped with diversification and industry knowledge and that is the reason why they are a lot more promising.
Winslow Green Growth- Now, this is the best green mutual fund of all and therefore a very favored option with many. It adds to the portfolio some really good eco friendly companies and those involved especially in the conservation of the environment. The results of 26.8% average annual returns are evidence enough for the success of this option. First Solar and Green Mountain Coffee form the top holdings and the fund is one of the most well regarded green investment option for many.
So, looking at the figures and the industry trends it can be said that green investing is bound to grow bigger with each passing day. And, in such a situation all of the above mentioned green mutual funds are great options to green money that’s good as well.
