Mutual funds are supposed to simplify investing, but it doesn't always work out that way. Let's say you're looking for a fund that invests in green technologies. There are dozens of choices, including exchange-traded funds (ETFs), which track narrow indexes in everything from wind power to potable water. The catch? Most are as new and unproven as the companies they invest in. So we set out to find funds with experienced managers and established records. First, we asked research firm Lipper to produce a list of green funds. Then we excluded those with less than five years' performance or less than $100 million in assets. That left us with just three contenders - a slim field, to be sure - but these veterans offer a range of options for different risk appetites.
Friday, December 25, 2009
The Right Green Fund
Mutual funds are supposed to simplify investing, but it doesn't always work out that way. Let's say you're looking for a fund that invests in green technologies. There are dozens of choices, including exchange-traded funds (ETFs), which track narrow indexes in everything from wind power to potable water. The catch? Most are as new and unproven as the companies they invest in. So we set out to find funds with experienced managers and established records. First, we asked research firm Lipper to produce a list of green funds. Then we excluded those with less than five years' performance or less than $100 million in assets. That left us with just three contenders - a slim field, to be sure - but these veterans offer a range of options for different risk appetites.
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