qec a pick in the mix

The Globe and Mail reports in its Wednesday, July 23, edition that SprottEnergy Fund is one of better performing equity mutual funds. The Globe's ShirleyWon writes in the Number Cruncher column that it is worth perusing the stocksthe fund holds to get investment tips. The $341-million Sprott Energy Fund isrun by manager Eric Sprott, also chief executive officer of Sprott AssetManagement. He subscribes to the "peak oil" theory, which calls for crude pricesrising forever because of global demand outstripping supplies. That has led himto search for unconventional energy stories in addition to stocks that can bepotential multibaggers. The fund invests mainly in stocks of smaller companies.Over the year ended June 30, the A-version of the fund has gained a robust 41.33per cent, compared with 28.2 per cent for its benchmark, the S&P/TSX cappedtotal return index. As of this past Monday, the fund is up 18.40 per centyear-to-date compared with 14.8 per cent for the index. The fund's top Canadianholdings are Bankers Petroleum, Bronco Energy, Corridor Resources, Oilexco,Questerre Energy and Timminco. Timminco is Sprott Energy Fund's largestalternative energy holding.

© 2008 Canjex Publishing Ltd.