Earn Green While Going Green, Part Two of Two Patch (blog)
In our last article, we talked about several of the simple alternatives readily available to investors who are looking to put their investments more in line with their environmental concerns without sacrificing performance. Hopefully, I've piqued your interest.
While I last talked about some solid basic mutual fund choices that could be core holdings in an investment portfolio, for those looking to spruce up their portfolios by investing more directly in green industries, investors have an exciting smorgasbord of choices to choose from. Solar, wind, water, pollution mitigation are just a few of the industry areas where outstanding growth opportunities lie.
Indeed, with the burgeoning availability of mutual funds and ETFs in the "green" group, a mutual fund or ETF with an environmental focus probably makes the most sense for most investors. For a focus on energy, consider Long Island's own New Alternatives (NALFX, +41%) or Calvert's Global Alternative Energy (CGAEX, +23%) for mutual funds. Recently, in fact, a slew of new, more diversified green mutual funds that invest in a number of different green subsectors have also hit the street – the Gabelli SRI Green (SRIAX, +64%), Winslow Green Growth (WGGFX, +66%) and Alger Green (SPEGX, +50%), among others – are strong options. The selection seems to be growing by the day.
