Many mutual funds geared toward a special type of socially responsible investing, green investing, are outpacing the Dow and the S&P 500, BusinessWeek reports. And given the environmentally conscious and alternative energy initiatives of the new president, valued at more than $80 billion, they could continue to outpace the general markets.
Two standout funds are the Winslow Green Growth Fund and the Calvert Global Alternative Energy Fund, both of which have outperformed the S&P 500 three times. And a number of eco-focused exchange-traded funds have returned double digits since the beginning of the year.
“Green energy stocks are staying strong and are forecasted to grow even more this year,” said Alina Bakhareva, a renewable energy research manager at consultancy
As Ben Yearsley, an investment manager at