EP Global Opportunities made 26.9% on net assets over the course of 2016. The dividend for the year was 5.3p. The return was a bit behind that of the All-World Index which returned 29.6%.
The manger’s report says that US exploration and production company, Apache, was one of the best performing stocks in the portfolio in the year. Royal Dutch Shell also appreciated as concerns over its ability to sustain its dividend reduced as oil prices rose. There was a similar reaction in the share price of BP.
There is no mention of which stocks detracted from returns.
EPG : EP Global results