Want more proof that green has hit the mainstream? Take a look at the performance of the Global EcoTrends green mutual fund.
As this article in TheStreet.com describes it...
Not everyone is sold on environmentalism, but it's hard to argue with the returns of some mutual funds that invest in "green" companies. The recent performance of the Allianz RCM Global EcoTrends Fund (AECOX) should convert skeptics faster than a code-red air-quality alert.
The $131 million fund has appeared in the top 10% of stock funds for several months this year. It advanced 28.13% in the six months through August, smartly outperforming the 5.71% total return of the S&P 500 over the same period.
Even more impressive, the fund turned in a very respectable 4.26% return for the three months ended Aug. 31, compared with a 3.28% decline in the S&P 500.
Since inception in January of this year, it is up 19.3%.
Global EcoTrends isn't the only "green" fund generating attractive returns, but it is more diversified than most of its cohorts. Other recent ecological standouts focus on a single industry, such as clean energy or clean water.
Allianz's fund invests in both of these areas; its "eco energy" investments include renewable energy -- such as wind, solar and geothermal -- in addition to firms involved in energy efficiency, "microgeneration" of electricity and hybrid cars.
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Most green mutual funds worked despite of the risk associated on it. As an investor, I will and always will prefer a green mutual fund as I love our environment
Posted by: lowest ipod prices | December 28, 2008 at 09:08 AM
Yes green funds are quite good even though there are many issues they have to deal with on a regular basis.
Hopefully, with the new stimulus money (as of Feb. 2009) allocated to the green sectors, green funds will get a further boost.
Posted by: green funds | March 17, 2009 at 03:17 PM