Eye on the oil patch: 15 top natural resource funds - The Globe and Mail
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Eye on the oil patch: 15 top natural resource funds JACQUELINE NELSON The Globe and Mail Published Monday, Oct. 21 2013, 7:54 PM EDT Last updated Tuesday, Oct. 22 2013, 12:24 PM EDT
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What are we looking for? With oil prices high, natural gas prices depressed and commodity prices volatile, which natural resource funds have weathered the past year best?
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The screen
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We searched for the best natural resource equity funds for the one year to Sept. 30. U.S. dollar, segregated, pooled, alternative strategy and duplicate versions of funds were excluded.
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Natural resource funds have enjoyed gains, but for the top performer on this screen, mining is nowhere to be found.
MOST POPULAR VIDEOS » “My expertise is in energy,” says Rafi Tahmazian, portfolio manager for the Canoe Canadian Energy Class A fund. The fund posted gains of 33.6 per cent in the one-year period. The investments span oil, gas, energy services, infrastructure, renewable power and fertilizer, along with holding some cash.
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Eye on the oil patch: 15 top natural resource funds - The Globe and Mail
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With all those investment areas, having a deep understanding of the energy sector and oil patch
Numbers: Why North American oil demand
is important, Mr. Tahmazian says.
calls for rail infrastructure revamp
This paid off for the Canoe fund when portfolio
company Nexen Inc., brought more available capital to the oil and gas industries.
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managers recognized upcoming demand in the energy services sector. A few major acquisitions, including CNOOC Ltd.’s purchase of oil and gas
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HIGHLIGHTS
before it was acquired by Malaysian state-owned energy firm Petronas, for example, was just one quarter of the capital that was actually put to work after the acquisition, he said. That created more demand for services. “And we quickly piled
into that.” There are also seasonal considerations for the fund. If a harsh winter is expected, the fund would seek to be positioned in the right gas stocks. Last year’s winter “came in like a lamb,” Mr.Tahmazian said, and the fund backed off its gas investments by January. With the heating season set to begin on Nov. 1, the fund is watching the weather again. A cold winter would likely drive up gas stock prices. For this fund, the risk of investing in pipelines isn’t worth the reward. Choosing the right company and predicting political swings is too difficult at this juncture. The fund’s top holdings include Vermilion Energy Inc. and ARC Resources Ltd.
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The second best performers in the screen were ETFs. The BMO Junior Gas Index ETF and the BMO Junior Oil Index ETF posted gains of 30.3 and 29.6 per cent, respectively.
Natural Resources Equity Funds - 1 Year to Sept. 30
Funds
Ticker
Canoe Canadian Energy Class A
1-yr 3-yr 5-yr % rtn % rtn % rtn (Sept. 30) (Sept. 30) (Sept. 30) 33.60%
BMO Junior Gas Index ETF
ZJN-T
30.30%
13.70%
BMO Junior Oil Index ETF
ZJO-T
29.60%
13.60%
EnerVest Natural Resources Series A
28.40%
14.10%
BMO Global Energy Class
26.90%
13.70%
Canoe Energy Income Class-A
21.60%
Matco Energy Fund Corporate Class-F
17.70%
5.00%
2.20%
Franklin Bissett Energy Corp Class A
17.50%
16.50%
12.20%
Norrep Energy Class*
16.40%
10.70%
Dynamic Strategic Energy Class
12.90%
5.60%
Middlefield Groppe Tactical Energy A
12.90%
4.60%
RBC Global Energy
12.40%
3.80%
5.80%
1.90%
-0.30%
http://www.theglobeandmail.com/globe-investor/investment-ideas/number-cruncher/keeping-a-keen-eye-on-the-oil-patch/article14975637/[10/28/2013 1:58:50 PM]
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Eye on the oil patch: 15 top natural resource funds - The Globe and Mail CI Signature Global Energy Corp Cl
12.00%
4.70%
Sentry Energy Growth & Income
11.40%
4.10%
3.40%
Mackenzie Global Resource Class A
9.60%
2.90%
-0.20%
S&P/TSX Total Return
7.10%
4.10%
4.80%
S&P 500 Composite Total Return Idx($Cdn)
28.00%
17.20%
8.30%
* plus performance bonus of 20% on all outperformances. Source: Lipper
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Download table as a CSV file
keeping close tabs 3. Montreal man in custody after attempting to
View full table
board flight with 'bomb-making components' in suitcase SECURITY
PRICE
CHANGE
VET-T
Vermilion Energy Inc.
57.32
-0.01 -0.017 %
ARX-T
ARC Resources Ltd.
28.45
0.13 0.459 %
NG-FT
Natural Gas
3.57
-0.137 -3.696 %
ZJO-T
BMO Junior Oil Index ETF
25.03
-0.11 -0.438 %
ZJN-T
BMO Junior Gas Index ETF
26.40
0.0000 0.00 %
CL-FT
Light Sweet Crude Oil
98.64
0.79 0.807 %
CEO-N
CNOOC Limited
197.92
2.42 1.238 %
VET-T ARX-T CEO-N
4. My friend was promoted and now she’s my nasty
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LIVE DISCUSSION OF VET ON STOCKTWITS
VET-CA
ZJN-T
INKAlerts Oct. 23 at 7:45 AM Morning report: Rich valuations, insider selling challenge Vermilion Energy shares. Subscriber link: http://stks.co/rY6R $VET.CA $IXC · Reply
ZJO-T CL-FT NG-FT
BVBasicMaterial Oct. 15 at 9:08 AM $VET.CA Vermilion Energy Inc. Announces $0.20 CDN Cash Dividend for November 15, 2.. http://stks.co/cmWf · Reply Powered by
More Discussion on VET-T
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TOPICS: Mutual Funds Energy
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Eye on the oil patch: 15 top natural resource funds - The Globe and Mail
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