The Two Best Green Funds

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http://www.kiplinger.com/columns/value/archive/2007/va1002.htm

The Two Best Green Funds

Looking to profit from the environmental revolution? Here are two funds in which you won't have to choose between investing in a principle and making money.

By Steven Goldberg

October 2, 2007

When Winslow Green Growth fund published a newsletter earlier this year, the headline proclaimed, "This Time is Different." Alternative energy, says manager Jack Robinson, will become a huge part of the global economy -- not fall to pieces again the next time oil prices tumble. Robinson, 65, is a shrewd investor who knows well that that phrase has long been branded "the four most dangerous words in investing." Many have lost fortunes by not heeding that lesson. But this time, things actually do look different.
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Only a handful of socially responsible funds earn their keep. Winslow Green Growth (888-314-9049, symbol WGGFX) is at the top of that list. And Winslow Green Solutions, scheduled to launch in November, holds similar promise.

Green Growth has returned an annualized 27% over the past five years through September 27, putting it in the top 2% among funds that invest in small, fast-growing companies, according to Morningstar. Don't expect sizzling returns like that to continue. But Robinson has returned an annualized 15% on similarly managed private accounts since 1994.