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Top 5 Energy Mutual Funds
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ShareWith every passing year, the world’s appetite for energy continues to increase steadily. Governments and corporations alike are therefore constantly on the lookout for new energy sources or more efficient technology in this domain. For fast growing economies such as China and India, the situation is even more acute. Thus, prices of these invaluable resources are surging and investors could benefit from the situation by investing in the energy industry. Energy mutual funds are a superior option for forays into the industry as they reduce risks involved by holding widely 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.
BlackRock Energy & Resources (SSGRX) invests the majority of its assets 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 49.48% over the last one year period.
The fund manager is Gregory B. Padilla and he has managed this energy mutual fund since 2005.
Fidelity Select Energy Services (FSESX) seeks capital growth. The fund invests a large proportion of its assets in companies from the energy services domain. These companies could provide services to both conventional and alternative energy firms. The energy mutual fund has a five year annualized return of 6.04%.
The energy mutual fund has a minimum initial investment of $2,500 and an expense ratio of 0.85% compared to a category average of 1.64%.
Franklin Natural Resources A (FRNRX) invests the majority of its assets in equity and debt securities of natural resources companies. The fund may invest heavily in small-cap companies. Up to 50% of its assets may be invested in foreign securities. The energy mutual fund returned 43.62% over the last one year period.
As of June 2011, this energy mutual fund held 119 issues, with 4.48% of its total assets invested in Chevron Corp.
Nuveen Tradewinds Global Resources A (NTGAX) seeks capital growth over the long term. The fund invests a large proportion of its assets in equity securities of energy and natural resources companies worldwide. A minimum of 40% of its assets is utilized to purchase emerging market securities. The energy mutual fund has a three year annualized return of 7.72%.
The fund manager is David Iben and he has managed this energy mutual fund since 2006.
ProFunds Oil Equipment Services & Distribution (OEPIX) invests the majority of its assets in equity securities or derivatives whose daily return corresponds to that of the Dow Jones U.S. Oil Equipment, Services & Distribution index. The balance of its assets is invested in money market instruments. The energy mutual fund returned 89.51% over the last one year period.
The energy mutual fund has a minimum initial investment of $15,000 and an expense ratio of 1.80% compared to a category average of 1.64%.
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 SSGRX
Read the full analyst report on FSESX
Read the full analyst report on FRNRX
Read the full analyst report on NTGAX
Read the full analyst report on OEPIX
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| Market Summary | May 26, 2012 15:04 pm ET |
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