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Top 5 Renewable Energy Mutual Funds
A review of the top five renewable energy mutual funds for investment consideration.
The top 5 renewable energy mutual funds offer a way for investors to invest in mutual funds with a green approach. These money-manager recommended mutual funds invest in renewable energy companies.
1. Putnam Global Natural Resources A
Putnam Global Natural Resources, symbol EBERX, seeks capital growth. The primary investments are in common stocks of energy and natural resources companies worldwide. Its focus is investment large and mid-cap companies.
2. Calvert Global Alternative Energy A
Calvert Global Alternative Energy Fund, symbol CGAEX has more than one hundred and forty million dollars in assets, but may be more volatile than many other mutual funds because foreign investments outside the United States are included in the fund portfolio. This is one of the aggressive growth funds, so the possible rewards are also greater. This fund invests in renewable energy companies in every market cap level, from small to large. Generally at least eighty percent of the net assets will be invested into renewable energy companies, which doesn’t make this fund very diversified. However, many investors want to invest in alternative energy technology without diversity. The fund focuses on acquiring common stocks of small and mid-cap companies.
3. T. Rowe Price New Era
T. Rowe Price New Era, symbol PRNEX, seeks capital appreciation over the long term. At least two-thirds of the fund’s assets are invested in natural resource companies, which could benefit from rising inflation. It also invests in companies outside the sector with strong earnings potential.
4. ProFunds Oil Equipment Services & Distribution
ProFunds Oil Equipment Services & Distribution, symbol OEPIX, invests mainly in equity securities or derivatives whose daily return corresponds to that of the Dow Jones U.S. Oil Equipment, Services & Distribution index.
5. BlackRock All-Cap Energy & Resources Investor A
BlackRock Energy & Resources Investor, symbol BACAX, seeks long-term capital appreciation. Most of this fund’s assets are invested in equity securities of domestic and foreign energy and natural resource companies. It invests in around 25 to 30 securities at any point in time. This energy mutual fund is non-diversified.
The information supplied in this article is not to be considered as medical advice and is for educational purposes only.
|Alternative Energy ETF18 Feb 2009|