By Tom Konrad CFA, Alt Energy Stock:
I was traveling for much of the month of August, and so did not keep up with most of my stocks. But not much happened while I was gone, with the broad market and renewable energy stocks both producing small gains for the month of a little over three percent, as measured by my benchmarks, the Russell 2000 index (^RUT, 3.4%), and the most widely held clean energy ETF, the Powershares Wilderhill Clean Energy ETF (PBW, 3.2%).
My Clean Energy model portfolio also had a relatively uneventful month, producing a total return of 2-3%, only slightly below the general market (2.6% for the unhedged portfolio, 2.4% for the hedged portfolio.)
For the year, my clean energy model portfolio continues to greatly outperform its industry benchmark, but lag the total market. The unhedged portfolio is up 2.1% for the year, while the hedged portfolio is down 4.2%. Meanwhile, PBW is down 16% and the Russell 2000 is up 11%… Read more