Oil maybe on a Rally now but things can change. We'd all prefer the heindseight option but we are not fortune tellers neither are the fund managers.
What happens if we get a second wave and oil drops again? Their is turbulence in some Asian countries, Russia, some African states and the UK numbers are going up too. Then they would have made the right decision.
Anyways Point being is they thought they were making the best decision to preserve the fund using the data they had and the sentiment of the market at that time, was it an over reaction? likely.
Happy to wait it out for a smaller return during these risky periods for the highs to potentially return. We all know this fund is undervalued right now so it might be a good time to average down if possible.
The likelihood of Oil bouncing to 50 to 60 a barrel looks to be next year according to the experts. So is it a terrible decision to derisk the market until September?
