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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 All-Cap Energy & Resources Investor A (BACAX) seeks long-term capital appreciation. The fund invests heavily in equity securities of domestic and foreign energy and natural resource companies. It also purchases stocks of firms in related sectors and utility companies. This energy mutual fund is non-diversified and has a five year annualized return of 3.25%.
The fund manager is Denis J Walsh, III and he has managed this energy mutual fund since 2005.
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 has a three year annualized return of 21.91%.
The energy mutual fund has an expense ratio of 1.70% compared to a category average of 1.61%.
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 ten year annualized return of 11.6%.
As of November 2011, this energy mutual fund held 50 issues, with 21.55% of its total assets invested in Schlumberger NV.
JHancock2 Natural Resources 1 (JINRX) invests heavily in equity and related securities of companies across the world whose primary operations involve natural resources. The fund selects firms which are expected to gain from increasing demand for natural resources. This energy mutual fund has a three year annualized return of 14.54%.
The fund manager is John O’Toole and he has managed this energy mutual fund since 2009.
Ivy Global Natural Resources A (IGNAX) seeks capital growth. The fund invests the majority of its assets in equity securities of companies, whose primary operations are related to natural resources, including suppliers and service providers. The energy mutual fund has a ten year annualized return of 12.69%.
The energy mutual fund has a minimum initial investment of $500 and an expense ratio of 1.39% compared to a category average of 1.44%.
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 BACAX
Read the full analyst report on OEPIX
Read the full analyst report on FSESX
Read the full analyst report on JINRX
Read the full analyst report on IGNAX
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| Market Summary | May 26, 2012 16:48 pm ET |
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