Energy & Natural Resources Funds
Investors in the oil industry got stuck in a dry hole last year. But the days of an world oil glut and low gasoline prices appear to be gone. As a result, mutual funds that focus on oil struck a gusher this year.
Excelsior Energy & Natural Resources Fund, managed by Michael Hoover, ranks among the Top 10 performers in this category (with minimum investments of 5,000 or less) this year. Mr. Hoover expects the high-octane returns to continue as Asia's economic renewal generates a greater demand for crude.
Total return Fund name YTD 1-yr. 3-yr. Fidelity Select Energy Service 50.5% -19.7% 12.9% 800-544-8888
Invesco Energy 36.2 4.7 12.6 800-525-8085
RS Global Natural Resources A 31.9 -10.7 -6.4 800-766-3863
Fidelity Select Energy 31.7 8.6 13.2 800-544-8888
Smith Barney Natural Resources A 30.8 8.5 -2.8 800-451-2010
Fidelity Select Natural Resources 29.9 7.1 N/A 800-544-8888
Orbitex Strategic Nat. Resources A 29.9 1.6 N/A 888-672-4839
Fidelity Select Natural Gas 29.2 13.2 7.4 800-544-8888
Fidelity Advisor Natural Res T 27.8 5.0 6.0 800-522-7297
Excelsior Energy & Nat Resources 27.7 7.2 15.5 800-446-1012
S&P 500 Index 7.9 20.2 27.5
Source: Source: Morningstar as of 6/09/99 N/A -Not available
