Register for full access to Citywire’s Fund Manager database, news and analysis. Registration is free and only takes a minute.

Junior Oils

Ranked 14 out of 16 in - Natural Resources over 12 months
All calculations are in GBP

Managed by

Angelos Damaskos

Born in Athens in 1963, Angelos Damaskos graduated from the University of Glasgow with a BSc in Mechanical Engineering in 1985, before adding to his qualifications with an MBA in International Finance from the University of Sheffield in 1989. His early career focused on M&A activity primarily concentrating on natural resources. More recently he worked as a senior banker with the European Bank for Reconstruction and Development where he was responsible for some of the bank’s equity investments in Russia and the CIS. In 2004 he set up Sector Investment Managers Ltd, launching the Junior Oils Trust in October that year. Away from the office Angelos’ interests include cinema, theatre, music and shooting.

Objective

The objective is to provide long-term capital growth from a global portfolio of small to medium capitalisation companies specialising in oil exploration and production. There may be occasions in light of adverse market conditions where the Investment Manager chooses to hold a high level of bonds and government securities.

Performance

Natural Resources over : 30/11/2013 - 30/11/2014
  • Rank 14/16 Total Return
  • Rank 16/16 Standard Deviation
  • Rank 15/16 Max Drawdown
Fund Name Loss
12 JPM Natural Resources A Acc

-20.4%

13 JPM Global Natural Resources A Acc GBP

-20.7%

14 RBC Funds (Lux) Global Resources B GBP D H

Currency exposure is hedged

Currency exposure is hedged

-21.6%

15 Junior Oils

-28.4%

16 Thesis Australian Natural Resources

-43.5%

Total Return

Quarterly Performance

to 30/09/2014 Annual Q1 Q2 Q3 Q4
2014 1.4% 10.6% 5.5%
2013 -6.9% 9.5% -17.6% 9.4% -5.7%
2012 0.4% 35.0% -24.7% 8.8% -9.3%
2011 -45.4% -3.2% -12.2% -28.7% -10.0%
2010 43.7% 5.0% -9.4% 27.7% 18.3%
2009 85.3% 19.4% 21.6% 23.5% 3.3%
2008 -48.9% -5.1% 21.7% -38.8% -27.8%
2007 24.5% -4.5% 10.7% 2.3% 15.2%
2006 20.4% 20.9% 1.5% -3.2% 1.3%
2005 62.6% 9.6% 14.5% 30.2% -0.5%

Month by Month Performance

Returns Vs Risk

Asset Allocation

Breakdown

31/08/2011

Top 10 Holdings

Stock Size
Cooper Energy Ltd ORD 7.37
Caza Oil & Gas Inc ORD 5.70
Parex Resources Inc ORD 5.12
Norse Energy Corp ASA 13.500% 14-Jul-2013 4.75
Dragon Oil PLC ORD 4.66
Norwegian Energy Company ASA 12.900% 20-Nov-2014 4.11
Entek Energy Ltd ORD 3.84
Questerre Energy Corp ORD 3.81
Valiant Petroleum PLC ORD 3.54
EnCore Oil PLC ORD 3.44
31/08/2011

Registered For Sale In

  1. United Kingdom

Fund Info

  • Launch date08/10/2004
  • Share Class size19Mn
  • Base currencyGBP
  • ISIN GB00B01YQF73

Purchase Info

  • Min. initial investment1,000
  • Min. additional investment100

Charges

  • Annual management1.8%
  • Initial investment5.25

Related News

IEA predicts $145 oil as it plays down fracking revolution

The International Energy Agency (IEA) has toned down previous estimates of the impact of North American shale fields on oil prices, suggesting oil will rise steadily to $145 per barrel

Budget 2012: North Sea oil relief will boost activity

George Osborne confirmed a tax relief provision on decommissioning of North Sea oil installations as well as support for exploration.

Angelos Damaskos: my small cap exploration picks for $147 oil

Smaller companies controlling reserves and development-stage projects are being re-rated after the sell-off in 2011.

Angelos Damaskos: Gold is not set for 'huge' correction

The Junior Mining and Junior Oil manager says fundamentals will continue to prop up the precious metal's high price.

IEA intervention will not stifle Junior Oils' bullish turn

The International Energy  Agency's decision to release to 60 million barrels of oil in the market will not stop Junior Oils manager Angelos Damaskos putting the 30% he has stored in cash and bonds since the turn of the year back into the market.

Junior Oils trust turns to bonds in volatile energy markets

The equity fund's manager A-rated manager Angelos Damaskos has taken a 10% position in corporate bonds for security with economic events likely to lead to more volatility in the oil price.   

Which funds managed the market storm best?

The last few weeks have been little fun for fund managers. Analysis over a 12-day period offers an interesting insight how the stars and the less known names fared.

ETF fund claims the top spot over first half of 2008

Citywire research into the best and worst funds of the first half of 2008 has revealed potentially depressing news for fund managers: the best performer was exchange traded.

Sector Watch: specialist sector experiences extremes of volatile markets

Managers in the specialist sector have experienced extremes at both ends of the returns spectrum over the 12 months to the end of May, with First State's Joanne Warner (above) coming out on top.

Put your trust in Junior Oils

If you are looking to gain exposure to oil & gas with a modest amount to invest in the sector, consider the CF Junior Oils Trust, managed by Sector Investment Managers.

...more...

Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in GBP).