The Future of Renewable Energy Mutual Funds

Renewable energy mutual funds are popping up everywhere as green investing continues to gain popularity and momentum. Renewable energy mutual funds include investing in companies that specialize in wind, solar, biomass, hydropower and geothermal sources of energy. We are still dependent on oil, but the urgency to find alternative sources of energy has been mandated by the federal government and many other agencies. The public has also embraced the green philosophy after one too many trips to the pump at $4 a gallon.

Some of the best no load mutual funds are renewable energy mutual funds that have far outpaced the rest of the market. Some top no load mutual funds include the Winslow Green Growth fund, which launched in 2001. It has averaged a 25 percent return since its inception. Other top no load mutual funds are the New Alternatives fund and the Calvert Global Alternative Energy fund. These are some of the best no load mutual funds because of their track record of success and great fund managers at the helm.

Renewable energy mutual funds can be volatile. Many of the companies that managers invest in are small upstarts that have big ups, but also big downs. Investing in renewable energy mutual funds is a smart move as long as you do your homework. Green investing is projected to go from a $77 billion industry to over $260 billion in just 10 years. Check out the track record of the fund, the fund manager, read the prospectus, and meet with an investment professional before you do any investing.

The information supplied in this article is not to be considered as medical advice and is for educational purposes only.