#1 Ranked Energy Mutual Funds by Zacks Investment Research
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.
Guinness Atkinson Global Energy (MUTF:GAGEX) seeks capital growth over the long run. It invests a lion's share of its assets in companies whose primary operations are related to the production, exploration or distribution of energy which also include research and development of alternative energy sources. It invests in companies all over the globe irrespective of their market capitalization, including those from emerging countries. This non-diversified energy mutual fund has a one-year return of 44.67%. < P> This fund has an expense ratio of 1.34% as compared to category average of 1.48%.
Integrity Williston Basin/Mid-North America Stock A (MUTF:ICPAX) invests a major portion of its assets in US and non-US companies which gain benefits from resource developments in the Williston Basin area and/or Mid-North America area. It may also invest in development stage companies. This energy mutual fund has a one-year return of 38.62%.
Michael L. Morey is the fund manager and has managed this fund since 2013.
Waddell & Reed Energy A (MUTF:WEGAX) seeks long-term capital appreciation. It invests largely in companies whose primary operations are related to the energy industry. The fund may invest all of its assets in foreign companies. It invests in both value and growth stocks. This energy mutual fund has a one year return of 35.15%.
As of March 2014, this fund held 70 issues with 4.54% of its assets invested in Schlumberger NV.
Invesco Energy Investor (MUTF:FSTEX) invests majority of its assets in companies related to the energy industry. It may also invest in derivatives or instruments whose economic nature is similar to these energy companies. It focuses on acquiring common stocks of these companies. This energy mutual fund has a one-year return of 30.31%.
This fund has an expense ratio of 1.15% as compared to category average of 1.48%.
Fidelity Select Natural Gas Portfolio (MUTF:FSNGX) seeks capital growth. It invests a large portion of its assets in companies whose primary operations are related to production, distribution and exploration of natural gas. It invests in common stocks of both U.S. and non U.S. companies. This non-diversified energy mutual fund has a one year return of 41.02%.
Ted Davis is the fund manager and has managed this fund since 2012.
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