Sprott Energy Has a Diverse Mix of Plays

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...The Sprott Energy Fund, run by manager Eric Sprott, also had a 26-per-cent weighting in coal stocks. While this sector has had a terrific run this year as commodity prices have soared, Mr. Sprott recently told investors in a conference call that he still sees more upside in coal stocks amid a global energy shortage.

Today, we examine the Sprott Energy Fund as part of this week's look at the top holdings of the better-performing equity mutual funds...

The $341-million Sprott Energy Fund is run by manager Eric Sprott, also chief executive officer of Sprott Asset Management Inc. He subscribes to the “peak oil” theory, which calls for crude prices rising forever because of global demand outstripping supplies.

That has led him to search for unconventional energy stories in addition to stocks that can be potential multi-baggers. 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 41.33 per cent, compared with 28.2 per cent for its benchmark, the S&P/TSX capped total return index. As of this past Monday, the fund is up 18.40 per cent year-to-date compared with 14.8 per cent for the index...

Sprott Energy also had a 26-per-cent weighting in coal stocks. While this sector has had a terrific run this year as commodity prices have soared, Mr. Sprott recently told investors in a conference call that he still sees more upside in coal stocks amid a global energy shortage.

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