Martin Currie's Walker playing energy theme via coal

Tom Walker has recently taken oil profits on Portfolio investment trust, although he remains bullish on the longer-term energy story

Martin Currie's Portfolio investment trust has taken profits in oil in recent months, although manager Tom Walker remains positive on the energy story. He is favouring coal as another way to play the theme, recently adding Xstrata to his global equity portfolio. "We are not hugely overweight in resources but coal prices have picked up drastically," he added. "They normally lag a bit, but Xstrata will have 30% of its earnings from coal looking forward." In terms of profit taking, he has sold out of oil and energy holdings including Ultra-Petroleum Corporation, BG Group and Anadarko P...