Monday, July 04, 2005

Resource Funds Seen Taking a Breather.

MarketWatch: Resource funds seen taking a breather.

The Guinness Atkinson Global Energy Fund has a lot of Canadian oil stocks, much more than the average fund, which explains it's significant outperformance at this point. (Friday was a particularly memorable day.)

On the downside, if oil prices fall it will get clobbered a great deal more than the average energy fund.