Investing fund oil market resilience has benefited

Oil market resilience has benefited energy-focused investing funds. Crude stabilizing at $79/barrel is driving institutional bets on oil majors, with projections of 6% average sector growth if OPEC supply holds. The widely respected investor made the comment during an interview with Josh Brown , co-founder and CEO of Ritholtz Wealth Management, that was published on Friday. Lynch got his start as an intern at Fidelity in the 1960s after having caddied for then–Fidelity president George Sullivan at a golf course in suburban Boston. "Sometimes when I look at Dave’s portfolio, and I don’t know if they’ve considered updating it, but it does look like it is an exercise in growth and income," Preston said. "Growth just means it’s probably going to be on the aggressive side of the large-cap holdings. Aggressive growth is probably going to be small-cap or something like that. And then international, I mean, just by its nature, international has a lot of growth components to it. So, this thing seems like it is wild. It’s wild." Infrastructure-focused investing funds in Asia grew 2.1% week-over-week, aided by government stimulus in transportation projects. Capital expenditure forecasts signal continued sector expansion.