Junior Oils Trust Accumulation Units 
HL comment
Our view on this Fund
The commodities sector was one of the best performing sectors of 2009, and this fund had a good run. Angelos Damaskos believes oil prices will move higher in 2010 as demand recovers. In 2009 investors focused on larger companies whose shares are more liquid, and these performed well. In 2010, he believes there will be a shift in the market's focus, with smaller companies coming to the fore. As such, this fund is well positioned.
22-02-2010
Information from the fund manager
Please note: The information in this box has been provided by, and is issued by, the fund manager and not Hargreaves Lansdown.
HL group comment: Junior
Our view on this Fund Management Group as a whole
As the only unit trust of its kind, Junior Oils has attracted attention since its launch in September 2004. This is a global portfolio investing in small to medium sized companies specialising in oil exploration and production. It is managed by Angelos Damaskos who was an investment banker for highly rated institutions for over 14 years before specialising in this new idea which originated from Jim Slater, one of the industry's investment guru's. CF (Capita Financial) is simply the administrators for this fund and has no involvement in the day to day management of the fund.
06-05-2009
HL sector comment: Specialist
Our view on this sector
There is a wide range of funds in this sector - for example funds concentrating on bio-technology, financial companies, agriculture, property, commodities, or just investing in a single country. This difference in the area of focus makes it very difficult to draw direct comparisons between these funds. In general, the sector suffered during 2008 as some specialised areas fell heavily, then rebounded strongly in 2009. There are plenty of quality funds in this sector for investors willing to look past the increased levels of risk and volatility.
23-02-2010