Rather than
fundraise, a famous
philanthropist plays
the market.
FOR LOVE AND MONEY
BY SRIDHAR PAPPU
For the past few years, Philippe Cousteau Jr. has been the hunky embodiment of 21st-century phi- lanthropy. An heirto aproud lineage of explorers—his grandfather is Jacques; his father is Philippe Sr.— Cousteau appeared regularly on CNN and started the foundation EarthEcho International with his ister, Alexandra, drawing attention to the world’s environmental prob- lems. Money came easy with the
name, the face. But then came the
economic crash.
Cousteau’s newest
adventure won’t
require such a
puffy jacket.
Eco-Friendly? Yes.
Profitable? Well . . .
Not all good intentions make money. Here,
the one-year returns on investment (as of
August 4) for the most active E TFs in the
four major alt-energy sectors.
WIND DO WN 17. 3
(First Trust Global
Wind Energy)
SOLAR DO WN 27.5%
(Claymore/MAC
Global Solar Index)
WATER UP 3.3%
(PowerShares Water
Resources)
NUCLEAR UP 0.02%
(Market Vectors Nuclear
Energy)
Why the imbalance?
Unlike wind- and solar-
po wer technology, water
and nuclear already pro-
duce power for large
populations—making
them more popular invest-
ments in a do wn economy,
says Abraham Bailin, an
E TF analyst at Morning-
star. —DAN MACSAI
CNN
