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Climate-change funds shift focus from wind, solar
The poor performance of some sectors aiming to slow climate change is pushing money managers to cast further afield for investments that both carry green credentials and are likely to post better returns.
Some renewable-energy stocks, such as those in solar and wind industries, have fallen spectacularly in recent years, belying hopes that they were poised to break out.
December 10, 2010
by Sam Mamudi
in Dow Jones Newswires
The poor performance of some sectors aiming to slow climate change is pushing money managers to cast further afield for investments that both carry green credentials and are likely to post better returns.
Some renewable-energy stocks, such as those in solar and wind industries, have fallen spectacularly in recent years, belying hopes that they were poised to break out.
Money managers say this poor performance is in part due to a lack of hoped-for policies to help these industries grow. As a result, say the managers, they are looking at other areas of the market that are part of the... [continue via Web link]
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