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As the global appetite for energy continues to increase rapidly, governments and corporations alike are devoting greater resources for the discovery of new energy sources as well as the development of more efficient technology in this domain. In fact, newer economic powerhouses such as China are discovering that the going is even tougher for them. Prices of these invaluable resources continue to rise at a steady rate and the energy sector is clearly a lucrative investment option. 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, investors can click here to see the complete list of funds.
Putnam Global Natural Resources A (EBERX - MF report) seeks capital growth. The majority of its assets are utilized to purchase common stocks. It focuses on acquiring both value and growth oriented stocks. It concentrates on investing in large and mid-cap companies. The energy mutual fund has a one year annualized return of 20.39%.
The fund manager is Christopher Eitzmann and he has managed this energy mutual fund since 2012.
Ivy Energy A (IEYAX - MF report) invests a large share of its assets in equity securities of energy and natural resources companies. The fund invests in companies that have strong linkages with the energy sector. The energy mutual fund has a one year annualized return of 18.63%.
The energy mutual fund has a minimum initial investment of $500 and an expense ratio of 1.60% compared to a category average of 1.66%.
Guinness Atkinson Global Energy (GAGEX - MF report) seeks capital appreciation over the long term. The fund invests heavily in equity securities of domestic and foreign companies engaged in exploration, discovery and distribution of energy as well as production of alternative energy. The energy mutual fund has a one year annualized return of 17.98%.
As of June 2012, this energy mutual fund held 47 issues, with 3.88% of its total assets invested in Valero Energy Corporation.
ING Global Natural Resources A (LEXMX - MF report) focuses on long term capital growth. The fund invests heavily in equity securities of domestic or foreign companies related to natural resources industry. Not more than 50% of its assets may be invested in any single industry. The energy mutual fund is non-diversified and has a one year annualized return of 15.72%.
The fund manager is John Bailey and he has managed this energy mutual fund since 2011.
Franklin Natural Resources A (FRNRX - MF report) seeks high total return. The fund invests a large share of its assets in equity and debt securities of natural resources companies. The fund may invest heavily in small-cap companies. The energy mutual fund has a one year annualized return of 12.77%.
The energy mutual fund has a minimum initial investment of $ 1,000 and an expense ratio of 1.03% compared to a category average of 1.47%.
To view the Zacks Rank and past performance of all energy mutual funds, investors can click here to see the complete list of funds.
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.