Ethical Performance
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Roger Aitken, analyst, interprets the July 2014 data

August 2014

The £6.31m Guinness Alternative Energy C fund yet again surpassed its peers in the UK Registered funds sector in the year to 30 June 2014 with a +28.34% cumulative return versus a less than spectacular past three- and five-year performances of -7.10%/179th and -17.53%/153rd, respectively.

Craton Capital Renewable, Alternative & Sustainable Resources A fund came in runner up on the past one-year horizon (+27.60%), ahead of the £66.13m Triodos Sustainable Pioneer K Retail fund in third spot (+25.45%) and Royal London UK Ethical Equity Inst M Inc fund ranking fourth top on +22.20%. Iveagh Wealth EUR X Acc fund took the sector’s wooden spoon over the past one year with -15.23% and a 205th rank.

MAP Clean Technology Fund I beat Economie Durable A fund by a long chalk amongst European funds over the past 12 months posting +133.65% and performed well over one- and three-year time horizons with respective performances of +66.47% and +71.47% - ranking it second top both times. MC02 New Energy FEIF fund bottom ranked out of 1,095 funds in the sector and was equally weak over the past three years on -73.14%/1,013th.

Within the US Mutual funds sector, which displayed the best peer group average at +97.33% over the last five years versus all other sectors in Morningstar’s analysis, the $19.02m Firsthand Alternative Energy fund outpaced peers on a past one-year horizon yet on an improving +53.08% versus a rather meagre +4.62%/172th rank over the past three years and +17.20%/159th rank over past five.

The $25.03m Guinness Atkinson Alternative Energy fund dropped one spot to third over the previous month’s analysis on +43.27% over the past year versus -9.17%/177th over the past three-years horizon and -23.44%/163rd over the last five.
The $724.12m Eventide Gilead N fund ranked fifth top on the past 12-month view (+34.87%) but top ranked over past three years (+75.75%) and came fourth over the past five years with an outstanding +178.19% performance. Pacific Financial Fth & Vls Bsd Mod Inv fund, a relative newcomer, bottom ranked out of 193 funds in this sector.

While the UK Individual Pensions sector posted the best peer group average over both one- and three-year periods against all the other sectors analysed at +27.37% and +38.43%, respectively, it lagged all other sectors with +37.02% for the past five years and was significantly distant from the European funds sector peer group performance at +58.37%.

Global | SRI


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