Two top energy funds favor the same small Canadian company
Each issue we’ve steadily added to our Fund Finds portfolio. As of last issue, three major categories were represented—financial, tech/defense, and franchises. Just one key sector was missing: energy. Our newest find remedies that lack, making the portfolio a fully diversified collection of some of the most exciting holdings culled from some of the best-performing funds.
Our latest find lives up to the standard set by our prior picks. It’s called PetroKazakhstan, and it’s a small independent integrated Canadian energy company that has been operating in the Republic of Kazakhstan (formerly part of the Soviet Union) for more than six years. The company is a favored holding of two top energy funds. The State Street Research Global Resources Fund has been an outstanding performer. For instance, its class A shares, traded under the symbol SSGRX, had the second-highest total return for its category for the past five-year period and won third place for both the past one- and two-year periods.
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