NEW ENERGY INVESTMENT FUNDS RISING
Alternative-Energy Funds See Renewed Buying by Investors; The Sector Has Been Posting Gains Again, After Big Losses
Erin McCarthy, July 6, 2014 (Wall Street Journal)
“While the boom in U.S. natural gas has generated excitement among investors…the renewable-energy sector has been having a moment of its own…Investors are pumping more money into funds and [solar and wind] projects…Technology advances have helped make the sector more competitive…Alternative-energy mutual funds and exchange-traded funds—which include investments in hydropower, wind and solar—returned an average 41.6% over the 12 months through June…They pulled in $365 million in net new cash from investors over the 12 months through May…[But with] about $1.67 billion in assets, these funds are only about half the size they were at their 2008 peak…Between 2008 and 2012, alternative-energy funds returned an average minus 64%...[Now] investors are wading back in…Much of the revival in clean-energy investing stems from abroad as some foreign governments push for cleaner domestic energy sources to reduce pollution and provide access to electricity in remote areas. China, India and Japan are among the key markets driving up demand…New investment in renewable energy in Asia rose 10% to more than $100 billion in 2013…” click here for more
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