Zacks #1 Ranked Energy Mutual Funds - Best of Funds
14 December 2013 - 9:04AM
Zacks
With 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, investors can
click here to see the complete list of funds.
JHancock2 Natural Resources 1 (JINRX) invests heavily in
equity and related securities of those global companies which are
related to the natural resources industry, including those from
emerging markets. Investments are focused on those companies which
can profit from the future demand growth of natural resources. This
energy mutual fund has a five year annualized return of 7.34%.
The fund manager is John O’Toole and he has managed this energy
mutual fund since 2009.
Guinness Atkinson Alternative Energy (IGNAX) seeks
capital appreciation. It invests heavily in equity securities of
companies, whose primary operations are related to natural
resources, including suppliers and service providers. It may invest
in both foreign and domestic firms whose primary operations are
conducted abroad. This energy mutual fund has a five year
annualized return of 11.23%.
The energy mutual fund has an expense ratio of 1.52% compared to
a category average of 1.51%.
RS Global Natural Resources A (RSNRX) invests most of its
assets in securities of global natural resources companies. These
companies should have a presence in a minimum of three countries.
The energy mutual fund has a five year annualized return of
12.67%.
As of September 2013, this energy mutual fund held 38 issues,
with 5.32% of its total assets invested in First Quantum Minerals
Ltd.
ProFunds Oil Equipment Services & Distribution
(OEPSX) seeks capital growth over the long term. The fund invests
the majority of its assets in equity securities of energy and
natural resources companies worldwide. Not more than 40% of its
assets may be utilized to purchase foreign equity securities. The
energy mutual fund has a five year annualized return of 19.83%.
The fund manager is Michael Neches and he has managed this
energy mutual fund since 2013.
Waddell & Reed Energy A (WEGAX) invests a
large portion of its assets in companies whose primary operations
are related to the energy industry. The fund may invest all of its
assets in foreign securities. The energy mutual fund has a five
year annualized return of 13.55%.The energy mutual fund has an
expense ratio of 1.66% compared to a category average of 1.64%.
To view the Zacks Rank and past performance of all energy mutual
funds, investors 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.
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