Neptune's head of US equities Felix Wintle has boosted the energy position in his £667m US Opportunities fund from underweight to overweight since the end of last year.
The manager says he shifted the energy position from underweight to neutral by the end of Q4, and has now moved it into overweight based on strong oil price moves and robust demand for the commodity. He says: "Oil prices are now pricing at Brent, which is at an all time high ratio to West Texas Intermediate, and oil companies are benefitting from this." He adds the recent political unrest in the Middle East has also spurred on the oil price, although energy has been the standout sector compared to the S&P 500 in Q4, performance Wintle believes will continue. Energy gained 16.1% in 201...
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