Below is the weekly summation, the main positive that 20% of the U.S. population has now been vaccinated (but they haven't gotten to yours truly yet, despite being over 65), the main negative quite ironically being that vaccine hesitancy putting both pandemic and economic recoveries at risk. The bonus this Sunday is this week's edition of U.S. News Invested featuring the best mutual funds that are green. Hope everyone enjoyed our very pleasant first weekend of spring.
Succinct Summations for the week ending March 19th, 2021
Positives:
1. All signs point to a robust economic recovery as $2T Covid Rescue plan makes its way into Americans’ pockets.
2. More than 420 million doses have been administered worldwide, including > 118 million doses of Covid-19 vaccine in the USA, >20% of US population.
3. Leading economic indicators index rose 0.2% m/o/m, meeting expectations.
4. Import prices rose 1.3% m/o/m, above expectations.
5. Export prices rose 1.6% m/o/m, above expectations.
6. Empire State Mfg Index is at 17.4 for March, above expectations.
Negatives:
1. Vaccine hesitancy is putting economic & health recoveries at risk.
2. Jobless claims rose 45k w/o/w from 725k to 770k.
3. Housing market index is at 82 for March, below expectations.
4. Home mortgage apps rose 2.0% w/o/w, below previous increase.
5. Retail sales fell 3.0% m/o/m, below the previous increase.
6. Industrial production fell 2.2% m/o/m, below the expected increase of 0.5%.
3-18-21 7 Green Mutual Funds to Buy Now | Funds | US News
InvestedAdvice, rankings and stock market news for investors. |
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Good morning, investors. Shares of fuel cell maker Plug Power have rallied quadruple digits in the last year, but news of a company accounting error caused the stock to sell off yesterday. 7 Green Mutual Funds to Buy NowWith the proliferation of funds that focus on environmental, social and corporate governance criteria, investors have more choices than ever when it comes to investing in green energy and environmentally friendly companies.
For those who don't want to do the financial and environmental research that goes into picking individual investments, there are a growing number of green mutual funds that at the very least screen out many polluters.
In addition to negative screens – such as weeding out fossil fuel companies – some environmentally focused funds have a more proactive philosophy that allows them to pick stocks for their potential in the greener economy of the future.
A more hands-on approach can also prove better than index-tracking at identifying companies that engage in "greenwashing," or making themselves look more environmentally friendly than they are. Here are seven green mutual funds to consider:
1. Vanguard FTSE Social Index Fund (ticker: VFTAX). For investors looking for a starter fund in the environmental investing world, John McGlothlin III, financial planner with Southwest Retirement Consultants, points to this Vanguard fund. The fund excludes stocks of companies that own coal, oil or natural gas reserves or that generate revenues from nuclear power production.
2. Trillium ESG Global Equity Fund (PORTX). As green funds go, McGlothlin also likes PORTX, which is not only actively managed but also participates in shareholder activism. "I think Trillium is fully bought into the ESG mandate," he says. This fund invests domestically and internationally, including emerging markets.
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Seven of the best green mutual funds to buy: - Vanguard FTSE Social Index Fund (VFTAX)
- Trillium ESG Global Equity Fund (PORTX)
- Shelton Green Alpha Fund (NEXTX)
- Vert Global Sustainable Real Estate Fund (VGSRX)
- Thornburg Better World International Fund (TBWAX)
- Calvert Emerging Markets Equity Fund (CVMAX)
- TIAA-CREF Green Bond Fund (TGROX)
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