Financial Times: Passive funds fail to echo rising price of oil
The oil price climbed to a four year high this month, but investors who bought oil-focused passive funds to benefit will have been disappointed. Gavin Haynes, managing director at investment manager Whitechurch Securities, said: “Given that the oil price is notoriously difficult to predict and driven by speculation with political factors having a significant impact, we believe investing directly is a guessing game and we would not have direct exposure to oil within our portfolios."
Read the full article at Finacial Times, 18th October 2018.
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