Recently, Morningstar analyst Bill Rocco shared with me one of his favorite environmentally oriented "green" funds, Winslow Green Growth (symbol WGGFX). Managed by Jack Robinson and Matt Patsky, the $395 million fund is a "good but extremely aggressive" choice for green investors. It focuses on small, fast-growing companies that have either a positive or neutral impact on the environment. Top holdings include First Solar, Green Mountain Coffee Roasters, and fitness club operator Life Time Fitness. The fund, which has gained a respectable 9 percent annualized over the past five years, has dropped 28 percent so far in 2008. "When things are looking up, this fund looks great, but it can also lose a lot of money at times," says Rocco. "Investing in it would be like adding a bit of spice." He added that in general, small-company growth funds should make up a small slice of your overall portfolio.
On another note, if you want to evaluate green funds based on their screens, check out SocialFunds.com's "SRI Fund Finder" tool.
Reader Comments Read all comments (1)
of 4:49PM August 13, 2008