'Antiterror' Fund Carries a Small Stick

The picture is similar almost everywhere al Qaeda and other terrorist group have friends in high places. Sheer says his fund invests in alternative energy stocks - but not as an antiterror policy, simply because he thinks some of them offer great value.

Among his picks: Canadian wheat distributor Saskatchewan Wheat Pool (SWP:Toronto). He believes the company's huge distribution network could make serious money handling grain ethanol. "We feel that they will probably create a joint venture with an ethanol producer," Sheer says.

Another pick: Corn processor Corn Products International(CPO Quote), for similar reasons.

Those who want to target alternative energy stocks specifically might also look at an exchange-traded fund, Powershares' Clean Energy(PBW Quote), which I've mentioned before and which invests across the sector, from windmill makers to solar panels. It is, of course, a high-risk investment.