Opportunities Developing in the Oil Market
JT Long of Streetwise’s The Energy Report talks with portfolio manager Brian Hicks about what opportunities he sees developing in different areas of the oil market, despite the ups and downs we’ve witnessed in resources.
Brian shares some of his favorite junior names and details his strategy for the Global Resources Fund (PSPFX) this year, which includes mitigating volatility through diversification.
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Please consider carefully a fund’s investment objectives, risks, charges and expenses. For this and other important information, obtain a fund prospectus by visiting www.usfunds.com or by calling 1-800-US-FUNDS (1-800-873-8637). Read it carefully before investing. Distributed by U.S. Global Brokerage, Inc.
Past performance does not guarantee future results.
Foreign and emerging market investing involves special risks such as currency fluctuation and less public disclosure, as well as economic and political risk. Because the Global Resources Fund concentrates its investments in specific industries, the fund may be subject to greater risks and fluctuations than a portfolio representing a broader range of industries.
There is no guarantee that the issuers of any securities will declare dividends in the future or that, if declared, will remain at current levels or increase over time.
Fund portfolios are actively managed, and holdings may change daily. Holdings are reported as of the most recent quarter-end. Holdings in the Global Resources Fund as a percentage of net assets as of 03/31/2015: Beaumont Energy 0.00%, BG Group 0.00%, BNK Petroleum 0.77%, Exxon Mobil Corp 3.13%, Legacy Oil & Gas Inc. 0.00%, Noble Energy 0.00%, Patterson-UTI Energy Corp 0.00%, RMP Energy 0.00%, Rosetta Resources 0.00%, Royal Dutch Shell PLC 2.97%, Whitecap Resources Inc. 0.99%.
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