A collection of broad green power funds, mostly ETFs, that include solar power, wind power, nuclear power, and environmental services. The mutual funds we investigated had terribly high expense ratios; if the expense ratio was reasonable (under 1.00%) there was a sales load. Most of the funds had penalties for early withdraw.
WFI - WaterFurnace Renewable Energy. Makes and distributes geothermal and water source heating and cooling systems for residential, commercial, and institutional uses.
FirstTrust NASDAQ CleanEdge Green Energy Index Fund (QCLN). This fund tracks the Green Energy Index created by cleantech research firm CleanEdge. It invests in about 50 publicly traded companies that specialize in green technologies, and is heavy on firms in the solar, energy efficiency and smart grid space. It isn't a terribly diverse index, holding few utilities, transportation, storage, or wind names. It's best thought of as a solar ETF merged with a smart grid ETF. Not suitable as the broad cleantech fund in your portfolio , but an aggressive growth-oriented offering that is clearly the best way to play feed in tariffs, should they come to the US. Expense ratio: 0.60%
Powershares CleanTech Portfolio (PZD). The Powershares CleanTech Portfolio tracks the trademarked CleanTech Index. It is the broadest cleantech play available, with 80 stocks representing everything from algae producers and water treatment suppliers to established wind, solar, geothermal, and utility names. It covers batteries, advanced materials, smart grids, and even environmental consulting in an effort to reflect the total sector. Although much less traded than its PBW cousin, it offers decent liquidity and wider exposure to large cap clean energy players and non-energy cleantech firms. Expense ratio: 0.70%
WilderHill Clean Energy Portfolio (PBW). This offering is the largest cleantech ETF by market cap. It offers broad exposure to the clean energy space, the core of the cleantech industry. Its 50 holdings are heavy on solar, storage, and geothermal, while light on wind. It also holds an number of biofuel names and even an ocean power producer. It's composed almost exclusively of small and mid cap stocks, eschewing more established firms for growth opportunities. Expense ratio: 0.71%
WilderHill Progressive Energy Portfolio (PUW). The Progressive Energy Portfolio is distinctly different from its peers. Rather than focusing on the next generation of energy and other environmental technologies, it invests in 45 companies that help make current technologies cleaner. Its largest holdings include "clean coal", nuclear services, and natural gas. It also has a decent mix of established battery companies. But overall it offers a diversified mix of bridge technologies that would certainly benefit from any carbon cap or carbon tax legislation. Expense ratio: 0.70%
Guinness Atkinson Alternative Energy (GAAEX). The investment seeks long-term capital appreciation. The fund normally invests at least 80% of assets in equity securities of (both U.S. and non-U.S.) companies involved in the alternative energy or energy technology sectors. These equity securities include common stocks, preferred stocks, securities convertible into common stocks, rights and warrants. It invests in securities of all market capitalization companies and in companies domiciled in the U.S. and foreign countries, including, potentially, companies domiciled or traded in emerging markets. Expense ratio: 1.69% - very high
AECOX - Allianz Global Eco Trends fund.
ATEAX - American Trust Energy Alternatives fund
CGACX - Calvert Global Alternative Energy fund (class C)
CGAEX - Calvert Global Alternative Energy fund (class A)
WRMSX - DWS Climate Change fund
ALTEX - Firsthand Alternative Energy
SRIGX - Gabelli SRI Green fund
NALFX - New Alternatives FD
WGGFX - Winslow Green Growth fund
GRN - iPath Global Carbon ETN
SPEGX - Alger Green
PORTX - Portfolio 21
Powershares Global Clean Energy Portfolio (PBD). The PBD is an internationally diversified version of the PBW. It 80 stocks represent most of the PBW's holdings, plus similar picks traded on global markets. Its international investments, however, are mostly composed of stable large cap stocks so it offers a wider market cap mix. Expense ratio: 0.75%
iShares S&P Global Clean Energy Index Fund (ICLN). The ICLN is essentially a 30 stock hybrid solar/wind fund. It's the purest play on renewable energy generation, leaving out any smart grid, materials, energy efficiency, or storage names. Expense ratio: 0.48%
Market Vectors Global Alternative Energy (GEX) The GEX tracks the Ardour Global Alternative Energy Index. Its index's methodology leads to giant weightings by large cap stocks in its 30 picks. Its largest holding, Vestas, comprises 16% of the index. Expense ratio: 0.65%
PowerShares Global Progressive Transportation Portfolio (PTRP). This interesting ETF focuses on one particular aspect of the energy shift, that away from the use of petroleum products in transportation sector. It invests in 32 stocks including biofuel companies, railroads, batteries, and electric vehicles plus train and bus manufacturers. Is a good way to play policy choices that favor public transportation, high-speed rail investment or punish the automobile sector with higher fuel mileage or punitive petroleum taxes. Expense ratio: 0.75%
Market Vectors Environmental Services Fund (EVX). Emulates the AMEX environmental services index. Expense ratio: 0.55%.
is a modified market capitalization-weighted index designed to track the performance of companies that are primarily manufacturers, developers, distributors, or installers of clean-energy technologies.
comprised of publicly traded companies that engage in business activities that may benefit from the global increase in demand for consumer waste disposal, removal and storage of industrial by-products, and the management of associated resources.
The index is comprised of 78 companies that are global leaders in cleantech across a broad range of industry sectors, from alternative energy and energy efficiency to advanced materials, air & water purification, eco-friendly agriculture/nutrition, power transmission, and more.