Dear Pat: Thank you very much for your valuable advice. I was wondering about the following fund, and what your opinion is: ING Risk Managed Natural Resources Fund. Looking forward to your response. Thank you!
ING Risk Management Natural Resources Fund, $15.92, symbol IRR on New York (Units outstanding: 22.4 million; Market cap: $357.4 million), is a closed-end fund that holds stocks of companies in the energy, natural-resources and basic-materials industries.
Most of ING Risk Management Natural Resources Fund’s portfolio is invested in the U.S. (88%) and Canada (7%).
The fund’s breakdown by industry is as follows: Integrated Oil & Gas, 35.53%; Oil & Gas Exploration & Production, 19.54%; Oil & Gas Equipment & Services, 14.76%; Diversified Chemicals, 3.58%; Coal & Consumable Fuels, 3.56%; Diversified Metals & Mining, 3.49%; Gold, 2.83%; Oil & Gas Storage & Transportation, 2.56%; Oil & Gas Drilling, 2.34%; and Steel 1.97%.
ING Risk Management Natural Resources Fund holds mostly high-quality, large-capitalization resource stocks. Its largest holdings are Exxon Mobil, 11.49%; Chevron Corp., 8.61%; Schlumberger, 5.57%; ConocoPhillips, 4.88%; Apache Corp., 2.89%; Occidental Petroleum, 2.75%; Devon Energy, 2.10%; XTO Energy, 2.00%; Halliburton, 1.96%; and National Oilwell Varco, 1.84%.
The fund aims to cut risk and…
Privacy Policy and Terms of Use
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What personal information do we collect?
The information we receive from customers helps us personalize and continually improve your online experience at TSI Network. TSI Network may collect personal information online for all legal purposes, which include, but are not limited to:
Information You Give Us: We receive and store any information you enter on our website or give us in any other way through sign-up forms or ordering forms for publications and services. You can choose not to provide certain information, but then you might not be able to take advantage of many of our services and features. We use the information that you provide for such purposes as responding to your requests, customizing your web browsing experience for you, improving our website, and communicating with you.
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Does TSI Network Use the Information It Receives?
"Contact Us" and Comment Features: TSI Network encourages visitors to its websites to contact us with questions and comments. Email addresses and other information of persons using these features may be collected in order to facilitate our responses to those inquiries.
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COMMENTS: TERMS OF USE
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TSI Network has procedures in place to keep your personal information accurate, complete and current for the purposes for which it is collected and used. You may review the information that you have provided to us and where appropriate you may request that it be corrected. If you wish to review your personal information please send a request to: service@tsinetwork.ca.
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Changes to this Policy
This Policy is the sole authorized statement of TSI Network's practices with respect to the collection of personal information through TSI Network's websites and the subsequent use and disclosure of such information. Any summaries of this Policy generated by third party software or otherwise (for example, in connection with the "Platform for Privacy Preferences" or "P3P") shall have no legal effect, are in no way binding upon TSI Network, shall not be relied upon in substitute for this Policy, and neither supersede nor modify this Policy.
TSI Network may revise this Policy from time to time.
Legal Notices and Disclaimers
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