by Harris Roen Editor
Roen Financial Report
Thursday, September 24, 2015
Alternative energy mutual funds have turned sharply lower over the past three months. Of the 14 MFs that the Roen Financial Report tracks, all but one are down for the quarter. Five are posting double-digit declines. On average, the drop in MFs are similar to that of the S&P 500 and Down Jones Industrial Average, which fell 7.44% and 9.6% respectively. The only MF showing a gain…
The September 2015 edition of Alternative Energy Mutual Funds & Exchange Traded Funds report is now available. Visit our Mutual Fund/ETF site to download your copy.
Green ETFs are showing poor returns on both a three month and one year basis. ETFs on average are off -16.5% for the quarter, and -20.7% for the year. All ETFs are down over both time periods with the exception of one fund, iPath Global Carbon ETN (GRN). Even on a three year basis, ETFs are up only 3.7% on average, far lower than their MF counterparts…
Remember to always consult with your investment professional before making important financial decisions.