3 Energy Mutual Funds to Buy on Geopolitical Goings-on
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 23 2024
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Source: NASDAQ.COM
Energy Sector Performance: The Energy Select Sector SPDR (XLE) has increased by 11.3% in 2024, driven by oil refiners benefiting from favorable price spreads and ongoing geopolitical tensions, particularly in the Middle East and between Russia and Ukraine.
Investment Recommendations: Investors are encouraged to consider energy mutual funds with strong performance metrics, such as Spirit of America Energy SOAEX, T. Rowe Price New Era Fund PRNEX, and Fidelity Select Energy Portfolio FSENX, all of which have shown positive annualized returns and low expense ratios.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
