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Top 5 Energy Mutual Funds
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ShareAs the demand for energy rises with every passing day, governments and companies alike are constantly evaluating new resources and technologies to combat the situation. The situation is even more acute for fast growing nations such as China and India which are seeing massive increases in the demand for energy. This is leading to a steady rise in the overall price level of energy and greater opportunities in the energy management domain. Mutual funds investing in energy tap into this global phenomenon while controlling risk through well diversified portfolios.
Below we will share with you 5 top rated energy mutual funds. Each has earned a Zacks #1 Rank (Strong Buy) as we expect these mutual funds to outperform their peers in the future. To view the Zacks Rank and past performance of all energy funds, then click here.
Waddell & Reed Energy A (WEGAX) invests the majority of its assets in equity securities of energy companies. Both domestic and foreign companies from the conventional and alternative energy spheres are considered for investment purposes. The energy mutual fund returned 3.44% over the last one year period.
The fund manager is David P. Ginther and he has managed this energy mutual fund since 2006.
Fidelity Select Energy Service (FSESX) seeks long term capital growth. The fund invests the majority of its assets in companies from the energy service domain. These companies could provide services to both conventional and alternative energy firms. The energy mutual fund is non-diversified and has a ten year annualized return of 4.29%.
The energy mutual fund has a minimum initial investment of $ 2,500 and an expense ratio of 0.91% compared to a category average of 1.69%.
Ivy Energy A (IEYAX) invests at least 80% of its assets in securities issued by energy companies. Companies engaged in exploration, discovery, production and distribution of energy constitute the fund’s major investments. The energy mutual fund returned 2.93% over the last one year period.
As of June 2010, this energy mutual fund held 54 issues, with 5.62% of its total assets invested in Toyota Motor Credit Corp.
BlackRock Energy & Resources (SSGRX) seeks capital appreciation over the long term. The majority of the fund’s assets are invested in energy and natural resources firms worldwide. It also invests in companies in related sectors as well as in utilities. This energy mutual fund returned 9.16% over the last one year and has a ten year annualized return of 15.59%.
The fund manager is Daniel J. J Rice, III and he has managed this energy mutual fund since 1990.
Putnam Global Natural Resources A (EBERX) primarily invests in common stocks of energy and natural resources companies across the world. It focuses on acquiring value stocks and invests in large and mid-cap companies. The energy mutual fund has a ten year annualized return of 6.52%.
The energy mutual fund has a minimum initial investment of $500 and an expense ratio of 1.43% compared to a category average of 1.56%.
To view the Zacks Rank and past performance of all energy mutual funds, then click here.
About Zacks Mutual Fund Rank
By applying the Zacks Rank to mutual funds, investors can find funds that not only outpaced the market in the past but are also expected to outperform going forward. Learn more about the Zacks Mutual Fund Rank at http://www.zacks.com/funds.
Read the full analyst report on WEGAX
Read the full analyst report on FSESX
Read the full analyst report on IEYAX
Read the full analyst report on SSGRX
Read the full analyst report on EBERX
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| Market Summary | May 26, 2012 08:32 am ET |
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