UncleEbenezer wrote:richfool wrote:ReallyVeryFoolish wrote:With respect to INRG, I suspect patience and gravity are your friends. Good luck.
RVF
Green infrastructure funds taking a kicking yesterday and again today. Ironically the ETF, INRG seems to have been hit the most, though IEM and to a lesser extent JGC also suffered. I suspect the sector has been in bubble territory for a while.
Today's movements/falls:
INRG - 6.53 (1201.50p)
IEM - 1.64% (449.76p)
JGC - 3.42% ( 282p)
Erm, brief falls? Surely those happen all the bloomin' time! If you think it's the start of a serious fall, tell us why!
More to the point, IEM isn't a green infrastructure fund (I have no knowledge of the others you name). It's far broader than that, more growth-focussed, and expected to offer higher risk/reward than an infrastructure fund.
Uncle Eb, I was looking at the situation from the perspective that the falls in INRG were considerably higher than the market generally and more particularly, much higher then the falls of what I saw to be (ETF) INRG's
peers. (iShares Global Clean Energy ETF), plus the fact that INRG is an ETF.
With hindsight, I think the key was that INRG tracks a different range of stocks to the holdings of IEM and JGC.
INRG - iShares II plc Global Clean Energy UCITS ETF
IEM - Impax Environmental Markets IT.
JGC - Jupiter Green IT.
PS. What was also at the back of my mind was whether the Environmental sector is in something of a bubble and due for a correction.