Energy mutual fund

(redirected from Energy Mutual Funds)

Energy mutual fund

Mutual fund investing in energy stocks only, e.g., oil and gas companies.

Energy Mutual Fund

A mutual fund that invests predominantly or exclusively in energy stocks. As with other sector funds, energy mutual funds are exposed to systematic risk inherent to energy companies. For example, an energy mutual fund will likely perform less well if oil prices drop because many energy companies are largely dependent on profits from oil and related commodities.
References in periodicals archive ?
Alternative energy mutual funds are a strong investment sector, which has strong returns.
Long-term returns for alternative energy mutual funds have improved.
The easiest way to add some green consciousness to your investment portfolio is to invest in alternative energy mutual funds and exchange traded funds (ETFs) and un-invest in the mega-billion dollar fossil fuel industry in which many of today's big name funds are heavily invested.
As of 12/31/10, the Global Resources Fund earned a Zacks Rank of 1 for the 1-year, 3-year, 5-year and 10-year periods, out of 38 Energy Mutual Funds.
Zacks also recently named the Global Resources Fund as a top five Energy Mutual Fund.
The Renewable Energy 401(k) Tax Credit will prompt the growth of existing renewable energy mutual funds thereby increasing renewable energy production.