There has been an uptick in trading interest lately in the Energy Equity space as we have documented, specifically where we have seen some outflows in the well-known XLE (SPDR Energy Select Sector, Expense Ratio 0.16%) and XOP (SPDR S&P Oil & Gas Exploration and Production, Expense Ratio 0.35%) accompanied by put buying in both instances.
Staying within the greater realm of “Energy Equity” some of the best performing names in the category year to date are far from household names and probably worth a look to managed portfolio strategists.
ENY (Guggenheim Canadian Energy Income, Expense Ratio 0.70%) which as its name states focuses on the Canada market and not the U.S., specifically honing in on thirty stocks that have typically have distributed dividends to shareholders.
Currently the fund has a 2.43% yield. Other top performers in the broad Energy Equity space in 2014 include IEO (iShares U.S. Oil & Gas Exploration & Production, Expense Ratio 0.46%), FRAK (Market Vectors Unconventional Oil & Gas, Expense Ratio 0.54%), PXI (PowerShares DWA Energy Momentum Portfolio, Expense Ratio 0.66%), and CHIE (Global X China Energy, Expense Ratio 0.65%), none of which are regularly in the headlines.