The continuing efforts by OPEC and its allies to stabilize oil prices are further evidence of the game-changing influence of North America’s shale resource base, which is transforming global oil markets just as e-commerce has transformed the retail industry.
For investors in midstream energy, it’s important to understand a mutual fund’s structure, investment universe and philosophy, as these factors can have a potentially material impact on portfolio composition, after-tax returns and performance characteristics.
As signaled in September, the Organization of the Petroleum Exporting Countries (OPEC) convened in November to establish a production target to help stabilize the global oil market.
The views and opinions in the preceding commentary are as of the date of publication and are subject to change. This material should not be relied upon as investment advice, does not constitute a recommendation to buy or sell a security or other investment and is not intended to predict or depict performance of any investment.
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