Moo_Rich wrote a post · Sep 15, 2023 14:35

Guess the Fund 05: Which energy fund investing in the oil industry will perform better in September?

Hi, mooers!

Welcome to the final round of the "Guess the Fund" event!

In this round, we'll focus on energy funds that invest in the oil industry. Between the top 2 hot-selling energy funds investing in the oil industry on Moomoo Fund Hub, which one do you think will perform better in September? Share your insights to win rewards!

Tap here to join the topic and take a vote! >>

The oil market has experienced a supply shortage because OPEC+ members have implemented multiple oil supply cuts since September 2022. On 5 September, Saudi Arabia announced that they would continue their production cuts of 1 million barrels per day until December. Russia's Deputy Prime Minister Novak also stated they will extend their voluntary oil production cut of 300,000 barrels per day until December.

Despite this situation, the outlook for oil demands remains optimistic. According to the IEA's August monthly report, world oil demand is scaling record highs, boosted by strong summer air travel, increased oil use in power generation, and surging Chinese petrochemical activity.

Given the existing limited supply and growing demand, it is generally assumed that there may be a worldwide oil supply shortfall. Goldman Sachs has cautioned that the oil market is confronting a "significant supply gap" this quarter, and they estimate that Brent crude prices will rise to $93 per barrel by December.

How far can oil prices climb? Could energy funds with exposure to the oil industry benefit from the surge?

The following are the top 2 best-selling funds investing in the oil industry stocks on Moomoo Fund Hub.

Which fund do you think will perform better in September?

1. $BGF World Energy Fund (LU0122376428.MF)$

2. $Franklin Natural Resources Fund (LU0300736062.MF)$

*Fund Rankings list all mutual funds and fund portfolios on moomoo.

*Popularity rankings display funds sorted by the number of subscriptions in the past week.

The two funds are compared in the graph below, with year-to-date returns of 6.83% and 10.39%, respectively.

Guess the Fund 05: Which energy fund investing in the oil industry will perform better in September?

*The selected currency for the funds in this event is USD. Only one currency/dividend type will be displayed for the same fund.

Calculation Formula: Fund Return = [Net Asset Value on T Day (15 September) – Net Asset Value on T Day (30 September)] / Net Asset Value on 15 September * 100%

Time

15 September – 30 September

*Notes:

*The "Guess the Fund" vote will end at 23:59 SGT, 23 September.

*Influential posts before 23:59 SGT, 30 September, will be eligible for the rewards.

Rewards

1. 50 points: for mooers who vote and make a correct prediction at the event

2. 18% (3d) fund coupon: for writers of the top 5 influential posts of over 50 words

Notes:

The selection is based on post quality, originality, creativity, and influence.

Posts that are not original or relevant shall be excluded.

All rewards are not mutually exclusive.

All rewards will be distributed to your universal account within 15–30 working days after the winner announcement.

Special Rewards

[Guess the Fund] will take place regularly twice a month from April to September, with a total of 5 events. Additionally, participants who correctly guess the fund multiple times will be eligible for extra rewards!

1. 500 points: for mooers who correctly guess the best-performing fund in 3 events

2. 15% (3d) Fund Coupon: for mooers who correctly guess the best-performing fund in 4 events

3. 18.8 SGD Fund Cash Coupon: for mooers who correctly guess the best-performing fund in 5 events

Winners announced for the fourth round

The top performing fund in the "Guess the Fund 04: Which fund holds exposure to AI stocks will perform the best in August?" event was $Franklin Technology Fund (LU0109392836.MF)$. Mooers who voted and made a correct prediction before 23:59 SGT on 31 August will receive 50 points! Congratulations to @ZnWC and @102392341 for their top 2 influential posts!

Special recognition goes to @JJ_7201, who won the first special reward by guessing the best-performing fund in rounds 2-4. Don't miss out on your last chance to win the special rewards by making correct predictions multiple times. Join us now and show us what you've got!>>

Good luck, and see you soon!

This presentation is for information and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. See this link for more information.

Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more

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mr_cashcow : With the current oil and gas supply demands I think $BGF World Energy Fund (LU0122376428.MF)$ will perform better in September. Also side note 50% chance of getting the right answer so much better than the previous rounds

Congratulations to all who guess correctly for the previous round & good luck to everyone for this round!

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ZnWC : Thanks Moomoo Congratulations to all winners

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stevenlsf1 : 1. $BlackRock World Energy Fund (SW0122376428.MF) $ will benefit from petroleum's next performance

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杰曼 : $贝莱德世界能源基金 (LU0122376428.MF)$ for sure, oil and gas going to be another hot topic in coming months in view of opec+ cutting actions.

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ZnWC : I think $BGF World Energy Fund (LU0122376428.MF)$ will perform better in September.

Energy and oil prices will continue to rise thanks to OPEC+ in restricting supply and other macroeconomics factors that may drive prices up.

Mutual funds are subjected to volatility risk, dyodd before investing.

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Moo_Rich

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