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agree with no. 6
retmd
06-26-2007, 9:34 PM | Post #2404972
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Post #6 typed a reply faster than I could, so both #6 and this post contain some overlap.
I am a long time holder of VGENX, which has had its ups and downs over the past several years, but on average, is one of my best mutual fund performers. So, a long term view of energy and energy issues is needed as it appears you are inclined to.
This is a big fund and its holdings are high in mega caps, but it has really low expenses and good management. It has performed well relative to its peer group in both up and down markets, but will trend as the energy sector does. I am sure this is not news to you.
My concerns about energy in general include the good multi year run it has had, and the relatively low yield, or dividend, among energy stocks overall, which was higher not too many years ago.
My personal bias is still overweight in energy, although I am not adding to the sector or to this mutual fund at this time. But I understand your wish to reinvest proceeds from energy stocks into an energy sector mutual fund (or maybe still the Vanguard energy ETF as was pointed out in an earlier reply) and I would do the same in that situation.
I do not know enough about the T Rowe Price New Era fund to make an intelligent post about it. Morningstar shows it to be a smaller asset fund, holding less mega caps than Vanguard Energy, but with a higher expense ratio and somewhat lower performance relative to Vanguard Energy.
So right now the Vanguard offering may appear to have an edge over T Rowe Price New Era, but as you know, that does not guarantee future performance.
Good luck to you with your decision, Homer. I agree with #6 that both VGENX and PRNEX are likely to perform relatively well regardless of which one you choose.
Originally posted in thread: 15428
Topics
best mutual
energy sector
overlap
T Rowe Price New Era
Vanguard Energy
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