Junior Oils Trust

An FSA authorized and regulated Unit Trust.

Objective

The investment objective of the Junior Oils Trust 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.

Why Invest in Oil?

The era of abundant cheap oil is at an end. As Dick Cheney, the Vice-President of the United States, said when he was chairman of Haliburton Oil, There will be an average of 2% annual growth in global oil demand over the years ahead, along with, conservatively, a 3% natural decline in production from existing reserves.

Dr Colin Campbell said in his report, The World Oil Supply 1930-2050, “There is only so much crude oil in the world, and the industry has found about 90% of it.” Professor Goldman of the California Institute of Technology summed it up when he said “Better to believe in the tooth fairy than in future supply of new sources of oil. Most of the planet has been explored extensively, and even if some new fields are found, they won’t delay the peak by more than a few years.”

Advisors

The fund is advised by Sector Investment Managers Limited (SIM), and authorised and regulated by the FSA.

Angelos Damaskos who is the Principal Adviser, and Jim Slater, his father-in-law, are the largest shareholders in SIM. The other fund managed by SIM and advised by Angelos Damaskos is Junior Gold which invests primarily in gold mining companies with benchmark the FTSE Gold Mines index.

Background

Junior Oils Trust was co-founded by Angelos Damaskos and Jim Slater on 11 October 2004. Jim Slater, core founding investor of Junior Oils Trust and shareholder of SIM, gives an interview to SKY News on his views and the markets. For Jim’s biography and current interests please visit: www.jimslater.org.uk