Schroders is holding an underweight position in oil stocks at a time when there are plenty of other ...
Schroders is holding an underweight position in oil stocks at a time when there are plenty of other investors keen to buy into the sector on a stock specific basis. Richard Buxton, head of pan-European equities at Schroders, was keen on oil stocks three years ago, when most UK institutions were underweight the sector. In the 1990s, the oil price traded between $13 and $18 a barrel and Buxton says people anticipated this would continue. However, a regime shift in Saudi Arabia in the 1990s and improved discipline on production levels among Opec nations has led to success in targeting an...
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