European fund managers are positioning themselves to profit from gains in the oil sector, as prices ...
European fund managers are positioning themselves to profit from gains in the oil sector, as prices look set to remain high for longer than expected. Oil stocks, which account for 7% of the FTSE Europe ex-UK Index, have bounced since the recent technology correction and are being seen by the market as a safe haven where earnings growth can be found. As well as benefiting from rotation out of tech, media and telecoms, oil stocks have received boosts from high oil prices, which are volatile but trading for $25-30 a barrel. Robust, synchronised global growth is also boosting the stock price...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes