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Grab These 3 Energy Mutual Funds for Spectacular Returns
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The ongoing war between Russia and Ukraine has prompted several governments, including the Biden administration, to impose sanctions on Russian oil and energy.Crude prices have gone up on supply concerns from Russia, which is one of the world’s biggest producers of the commodity. Prices have risen further after the U.S. Government imposed a ban on the import of oil and other energy products.
Geopolitical tensions are likely to keep markets volatile for some time, with the energy sector making the most of the opportunity. So, investing in funds with exposure to energy equities is likely to help in the near term.
Fidelity Select Portfolios - Fidelity Natural Resources Fund seeks capital appreciation by investing the majority of its assets in common stocks of companies principally engaged in owning or developing natural resources, or supplying goods and services to such companies and in precious metals. FNARX offers dividends and capital gains in April and December.
Fidelity Select Portfolios - Fidelity Natural Resources Fund has three-year annualized returns of 15.5%. As of May 2022, FNARX held 41 issues, with 16.5% of its assets invested in EXXON MOBIL CORP.
Invesco SteelPath MLP Select 40 Fund seeks total return by investing the majority of its net assets in Master Limited Partnerships. MLPFX chooses issuers that are engaged in the transportation, storage, processing, refining, marketing, exploration, production and mining of minerals and natural resources. It also considers derivatives and other instruments that have similar economic characteristics.
Invesco SteelPath MLP Select 40 Fund has three-year annualized returns of 22%. Stuart Cartnerhas been one of the fund managers of MLPFX since 2010.
Cohen & Steers MLP & Energy Opportunity Fund, Inc. invests the majority of its net assets in Master Limited Partnerships and related companies. MLOAX, a non-diversified fund, also invests in foreign securities.
Cohen & Steers MLP & Energy Opportunity Fund, Inc. has three-year annualized returns of 9.1%. MLOAX has an expense ratio of 1.25% compared with the category average of 1.56%.
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Grab These 3 Energy Mutual Funds for Spectacular Returns
The ongoing war between Russia and Ukraine has prompted several governments, including the Biden administration, to impose sanctions on Russian oil and energy.Crude prices have gone up on supply concerns from Russia, which is one of the world’s biggest producers of the commodity. Prices have risen further after the U.S. Government imposed a ban on the import of oil and other energy products.
Geopolitical tensions are likely to keep markets volatile for some time, with the energy sector making the most of the opportunity. So, investing in funds with exposure to energy equities is likely to help in the near term.
Below, we share with you three top-ranked energy mutualfunds, viz., Fidelity Select Portfolios - Fidelity Natural Resources Fund (FNARX - Free Report) , Invesco SteelPath MLP Select 40 Fund (MLPFX - Free Report) and Cohen & Steers MLP & Energy Opportunity Fund, Inc. (MLOAX - Free Report) . Each has a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform its peers in the future. Investors can click here to see the complete list of energy mutual funds.
Fidelity Select Portfolios - Fidelity Natural Resources Fund seeks capital appreciation by investing the majority of its assets in common stocks of companies principally engaged in owning or developing natural resources, or supplying goods and services to such companies and in precious metals. FNARX offers dividends and capital gains in April and December.
Fidelity Select Portfolios - Fidelity Natural Resources Fund has three-year annualized returns of 15.5%. As of May 2022, FNARX held 41 issues, with 16.5% of its assets invested in EXXON MOBIL CORP.
Invesco SteelPath MLP Select 40 Fund seeks total return by investing the majority of its net assets in Master Limited Partnerships. MLPFX chooses issuers that are engaged in the transportation, storage, processing, refining, marketing, exploration, production and mining of minerals and natural resources. It also considers derivatives and other instruments that have similar economic characteristics.
Invesco SteelPath MLP Select 40 Fund has three-year annualized returns of 22%. Stuart Cartnerhas been one of the fund managers of MLPFX since 2010.
Cohen & Steers MLP & Energy Opportunity Fund, Inc. invests the majority of its net assets in Master Limited Partnerships and related companies. MLOAX, a non-diversified fund, also invests in foreign securities.
Cohen & Steers MLP & Energy Opportunity Fund, Inc. has three-year annualized returns of 9.1%. MLOAX has an expense ratio of 1.25% compared with the category average of 1.56%.
To view the Zacks Rank and the past performance of all energy mutualfunds, investors can click here to see the complete list of energy mutual funds.
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