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Posts Tagged ‘Alternate Energy Funds’

Way to Go Green discusses green investing but we do not recommend any particular type.  Alternate energy funds can go by several different names including alternative energy fund and renewable energy funds. In the financial world these three terms are equivalent. But no matter which one you are referring to or calling it by they are all about the same thing, investments in Green technologies that are helping to save the environment.

With this in mind one would not be surprised to find that the mutual funds that invest in alternate energy are companies that supply the world with solar power units for residential and commercial uses. In addition companies that produce wind turbines, either for home use or for large wind farms are also included.  The Alternate energy source that most people forget about is the thermal power.

Thermal power is a fast growing field that in many countries are utilizing more than the United States. Two of these countries are Iceland and the Philippines. The best thing about thermal energy is that it is always there.  Power generated by wind turbines is at the mercy of the wind.  At times there is too much and other time there is too little.  With solar energy, power can only be generated during the day. With thermal energy the source is constant and always there. This is a growing field that will never run out of is energy source unless the earth cools, but if that happens then there will be no need of power since the planet will no longer be able to sustain life.

So invest wisely and investigate alternate energy funds, money is being made in that financial area of mutual funds.

Investing in an alternate energy funds is one way the individual investor cannot only invest in their own future but the world. Investment in anything right now, in these uncertain times should be done with caution.  But the future is coming whether we like it or not.

I like what I found at Firsthand Alternative Energy Fund. The funds performance is just off the S&P 500 performance for the past year, but there are some encouraging things that happens with this fund. Total assets are $3.7 million with 40 different companies. All dividends are reinvested in the funds and the investment advisor’s fee is limited to 2.10%, to name a few.

But what I really like is their diversity of investment. This fund has asserts in solar, wind, biomass, fuel cells and other sources to help the world reduce its need and reliance on the limited oils supply.  In addition this fund donates a portion of its management fee to non-profit organizations that help the environment and on renewable energy sources. The investors decide what portion goes to which group.

With the investment in alternative energy technologies growing from $27.5 billion in 2004 to over $70 billion in 2006, this is a viable growing industry. With investments in established technologies like hydroelectric, biofuels, wind and solar power along with hydrogen fuel cells the future of alternative energy sources will be funded.

This is a fund worth looking at. It has sponsors on its web site from the Sierra Club, The Audubon Society, The National Wildlife Federation, Defenders of Wildlife and World Resources Institute.  With investments only in alternative energy, this alternative energy fund is well named.