How Guinness' managers led the energy rebound

Oil majors can rebound

After a tough time for energy stocks in recent years, a rally over the past 12 months has helped sector specialist Guinness Asset Management turn around performance on its £327m Global Energy fund.

Although lagging the IMA Global sector average over three and five years, the fund has since risen to become the top performer in the peer group, returning 22% over the year to 22 August versus a sector average of 9.3%, according to Morningstar.  Crucially, the fund has significantly outperformed other commodity and energy funds over one, three and five years. Here, co-manager Will Riley (pictured) explains the drivers of returns on fund, the parallels between oil stocks and miners in terms of M&A, and the potential impact of militant group ISIS on energy markets. The fund has move...