Our first recommendation is a mutual fund whose five largest holdings include: State Street Navigator Prime Portfolio (12.11% of assets); Exxon Mobil Corp (XOM, 11.46%); Chevron Corp (CVX, 7.58%); Schlumberger Ltd (SLB.TO, 6.35%) and Suncor Energy Inc (SU, 3.72%). Our second idea is a sale of one-half of a position in an underperforming biopharma company.
ICON Energy Fund Class S (ICENX)
From Sound Advice
ICON Energy Fund Class S (ICENX) is a diversified way to participate in the recovery with a basket of substantial companies. The hallmark of this fund has been its ability to look for changes within the energy sector to capture value, rather than simply depending on rising oil prices. This fund is a good way to capture today’s values and profit from the recovery and
changing landscape on a diversified basis with professional management.
Gray Cardiff, Sound Advice, www.soundadvice-newsletter.com, 800-825-7007, November 2016