Question
I'm looking for a unit trust (or maybe an ETF) with a focus on alternative energy investments. Too many in the energy field seem to have a focus or at least a strong bias towards "traditional" oil-based companies. Any ideas for funds which look at non-oil alternatives?Answer
The potential issue with alternative energy investments is that they tend to be heavily influenced by the oil price shorter term - when the oil price is high alternative energy looks attractive and vice versa.
Longer term alternative energy should deliver returns based on its own merits and the likelihood we'll all be compelled to use more of it - the UK government has committed to 15% of our total energy use being from renewable sources by 2020 (it's currently about 3%).
So well worth considering, but be prepared to invest for the long haul.
Funds investing in alternative energy companies include ETFX DAXglobal Alternative Energy ETF, Osmosis Climate Change ETF, Blackrock New Energy Investment Trust and the Guinness Alternative Energy Fund. Take at look at my article here for more details.
I'm looking for a unit trust (or maybe an ETF) with a focus on alternative energy investments. Too many in the energy field seem to have a focus or at least a strong bias towards "traditional" oil-based companies. Any ideas for funds which look at non-oil alternatives?Answer
The potential issue with alternative energy investments is that they tend to be heavily influenced by the oil price shorter term - when the oil price is high alternative energy looks attractive and vice versa.
Longer term alternative energy should deliver returns based on its own merits and the likelihood we'll all be compelled to use more of it - the UK government has committed to 15% of our total energy use being from renewable sources by 2020 (it's currently about 3%).
So well worth considering, but be prepared to invest for the long haul.
Funds investing in alternative energy companies include ETFX DAXglobal Alternative Energy ETF, Osmosis Climate Change ETF, Blackrock New Energy Investment Trust and the Guinness Alternative Energy Fund. Take at look at my article here for more details.
Read this Q and A at http://www.candidmoney.com/questions/question567.aspx
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