Green Mutual Funds and the Green Stocks They Invest In
Funds that call themselves "Green" are a newer breed. Some, like the Spectra Green fund (ticker symbol: SPEGX), specialize in "Socially Responsible" companies. Other green funds are involved in activities and products aimed at protecting our planet's ecosystems and the survival of the many life forms this earth supports.
The green funds, according to Ms. Jane Bryant Quinn at Newsweek, "own some renewables (clean energy) but lean more toward clean companies in fields such as health care and software. A sampling of no-loads (no sales commissions): Portfolio 21, a global investor in companies with good environmental practices: Winslow Green Growth Fund, in smaller companies, mainly in the
When you check out the New Alternatives Fund (ticker symbol: NALFX) and you go to their website at Newalternativesfund.com, you get the impression they cover companies that span the green gamut from clean water, clean air and recycling to companies that get involved with natural foods, biomass, geothermal power, ocean energy, wind power, solar energy and energy conservation. They claim that they don't invest in Oil, Coal, Weapons, or Nuclear Power, but they like Natural Gas, which their site claims "is the cleanest of all hydrocarbons, particularly when used in modern turbines and fuel cells. Natural gas resources are generally domestic." We concur and encourage you to check out the New Alternatives Fund.
When you look at the website for funds, like the New Alternatives Fund, you usually can find a list of holdings or a list of investments. This will give you an idea of some of the specific companies that they invest in, what percent of the total fund they have invested in each of these companies and a brief description of what the publicly-traded companies they hold are involved in.
New Alternatives' two largest holdings are Spanish companies whose description sounds full of green activities such as biomass (ethanol), aluminum recycling, solar and wind energy, as well as biofuels. These companies don't trade on
According to Newsweek, the next big area of interest for green investors might be "Water," the resource that all living creatures can't live without. They reported that venture capitalist Joyce Ferris of Blue Hill Partners believes that conservation, distribution, purification, and wastewater treatment will be enormous opportunities surrounding the subject of water. "Traders might consider ETF PowerShares Water Resources (AMEX:PHO), tracking 41 companies in the
Green investing is here to stay. As billionaire sensation Ted Turner recently proclaimed, solar energy and clean technologies will be “the greatest business opportunity of all time.” Green investors want to make wise investments in companies and funds that are proactively seeking the solutions to today's global, environmental crises. Like you, we'd rather be part of the solution than part of the problem.