Its top picks are three Chinese companies: ReneSola (SOL), a maker of the crystalline raw material used to make solar wafers, at 5.2% of the fund; LDK Solar (LDK), the world's largest manufacturer of solar wafers, at 5.2%; and JA Solar Holdings (JASO), at 4.8%.
ReneSola is the star of the group, with its shares up 18% this year after a gain of 84% in 2010.
As could be expected for a fund that is so focused, Guinness Atkinson Alternative Energy's returns are volatile. Last year, it lost 21% of its value.
Also off to a quick start this year is the $1.2 billion Fidelity Select Electronics Fund (FSELX), up 6.7%. Its biggest holding, at 9.9% of the fund, is Marvell Technology (MRVL), up 6.7% this year. A top performer is its fourth-largest holding, at 4.9%, Micron Technology (MU), up 24%. But the hottest stock in the fund is a maker of graphics-processor chips, Nvidia (NVDA), up 56%.Fidelity Select Electronics gained 17% in 2010 and 85% the year before. Its performance can be volatile since the portfolio typically has a big allocation to semiconductor stocks.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV