Green Energy Funds Attracting Investors
Posted on: Sunday, 12 October 2008, 21:00 CDT
Wall Street says there has been a recent jump in the number of so-called exchange-traded funds seeking investments in alternative energy.
A large number of the funds have sprung up in the past year as surging energy prices pique the interest of investors looking for the next profitable niche, if not the next big boom.
The New York Times reported Sunday that analysts pointed to a pair of new funds that reaped a total of $83 million in assets in their first four months of operation.
The analysts agreed that alternative energy was a promising field; however, they cautioned the field involved a wide range of technologies and their future depends, in large part, on high conventional energy prices.
"Essentially you are betting on which ones will get pushed around by oil prices the most," said Jeff Tjornehoj, a senior research analyst at Lipper.
Source: United Press International
Related Articles
- PennFuture Praises Passage of Clean Energy Funding Legislation
- PennFuture Praises Pennsylvania House for Passing Clean Energy Funding Legislation That Will Bring Great Green Jobs to the State
- Pepperidge Farm, Incorporated, the Connecticut Clean Energy Fund and FuelCell Energy, Inc. Partner
- Governor Schwarzenegger Joins the California Clean Energy Fund and UC Davis to Launch Premier Energy Efficiency Center
- Guinness Atkinson Set to Launch Alternative Energy Fund
- Markaz Energy Fund
- CT Clean Energy Fund Launches $21 Million Program
- Strategic Energy Fund 'TSX: SEF.UN' Announces Monthly Distribution of C$0.10 Per Unit for December 2005
- California Clean Energy Fund Appoints New Director of Technology and Policy Development; Dan Adler to Bring Extensive Clean Energy Policy, Finance and Technology Experience to Advance California's Clean Energy Investment Agenda
- June Energy Market Prices Fluctuate
User Comments (0)
RSS Feeds