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Cavanal Hill World Energy Fund Receives Industry Honors
TULSA, OK / ACCESSWIRE / March 26, 2024 / The Cavanal Hill World Energy Fund is being recognized by Morningstar, Inc. and LSEG Lipper upon reaching its
About this update from Bok Financial Corporation
[{"type":"text","content":"TULSA, OK / ACCESSWIRE / March 26, 2024 / The Cavanal Hill World Energy Fund is being recognized by Morningstar, Inc. and LSEG Lipper upon reaching its 10-year anniversary in February.The World Energy Fund debuted in the number one spot out of 69 funds within Morningstar's OE Equity Energy Funds category upon becoming eligible to receive a ranking for the 10-year time period.Cavanal Hill President Matt Stephani attributes this to the fund's \"go anywhere\" approach to investing. \"While most other energy funds focus either on large-capitalization stocks or master limited partnerships in the oil and gas industry, the Cavanal Hill World Energy Fund invests wherever our investment management team believes the best energy-sector opportunities reside-equity or fixed income, domestic or international, conventional energy sources or cutting-edge, environmentally friendly, renewable energy sources.\"In addition to the top spot in the 10-year Morningstar category rankings, the Cavanal Hill World Energy Fund received an LSEG Lipper Fund Award for #1 fund out of 49 in the Global Natural Resources category over five years.\"We believe the pursuit of superior long-term investment performance requires a concrete strategy with a robust risk-management process,\" said Stephani. \"We avoid investment fads and trends, focusing instead on proprietary research, disciplined buy and sell guidelines, and patience. Over time, this approach has been successful, as this Lipper award and Morningstar rating attest.\"The 2024 LSEG Lipper Fund Awards are recognizing perhaps the most dramatic five-year period that the markets have seen in decades. Fund managers being recognized have steered their investors through a pandemic, a mild recession, a war, skyrocketing inflation and dramatic central bank intervention,\" said Stacy Kymes, president and CEO for BOK Financial, parent company of Cavanal Hill Investment Management, which is the advisor to the Cavanal Hill Funds. \"This recognition underscores BOK Financial's long-term commitment to and considerable knowledge of the energy industry.\"\"These honors are a confirmation of the value of our approach of deploying experience and expertise in an increasingly complex marketplace,\" said Scott Grauer, executive vice president for BOK Financial Wealth Management and trustee of Cavanal Hill Funds. \"I know that eve...