The Rising Influence of Rising Affluence

[DewDiligence]

IGE is essentially US-based Big Oil with a smattering of gold names. These are the top-10 holdings (according to Yahoo):

XOM 8.22%
CVX 7.50%
COP 5.49%
SLB 4.96%
OXY 4.71%
SU 3.45%
ABX 3.36%
CNQ 2.72%
GG 2.42%
NEM 2.28%

I’d rather own my preferred natural-resources names directly, which saves the 50-basis-point fund fee and allows me to control when capital-gains taxes are realized.