Alternative Energy Powers These Funds

Earth Day may be one day a year, but for some funds it's been Earth Day all year.

Anyone not convinced that environmental green can equate to monetary green should take a look at the top of the open-end equity mutual fund performance rankings for the first quarter of this year.

The top-performing fund for the first three months of 2007 was the (GAAEX Quote)Guinness Atkinson Alternative Energy Fund (GAAEX) with a blistering gain of 14.46% for the period. The sixth spot was captured by the (NALFX Quote)New Alternatives Fund (NALFX), another fund largely committed to alternative energy which rewarded its holders with an early Earth Day present of an 11.89% first-quarter return. ...