Topic: How To Invest

Q: Can I have TSI’s take on the Ninepoint Energy Fund Series A? I gather that the MER is quite high. Thank you.

Article Excerpt

A: Ninepoint Energy Fund is a mutual fund that holds a portfolio of mid-cap energy companies. Prior to March 12, 2018, the mutual fund was called the Sprott Energy Fund. Ninepoint Energy Fund invests primarily in equity and equity-related securities of mid-tier companies that are involved in the exploration, development, production and distribution of oil, gas, coal, uranium or other related activities in the energy and resource sector. The fund’s current top holdings are Arc Resources, Baytex Energy, Cardinal Energy, Cenovus Energy, Enerplus, Headwater Exploration, Meg Energy, Nuvista Energy, Tamarack Valley Energy, and Whitecap Resources. Ninepoint is managed by Eric Nuttall, who feels that his numerous company relationships in the energy industry are a big plus. The fund gained a whopping 242.5% over the last year along with a jump in oil and gas prices. That return was powered, in particular, by big gains in long-depressed mid-cap Canadian energy companies like Baytex Energy and Cardinal Energy. Both of those rose over 420% in 2021. But the…