Three funds to buy to get exposure to oil

One of the best ways to gain exposure to emerging-market growth is through an oil play, says Paul Amery. Here, he tips three London-listed exchange-traded funds to buy now.

When Apple's rapid share-price decline caused it to lose its spot as the world's largest firm, one London-based executive at a multinational quipped: "The usurpers have lost and an oil company is back in its rightful position." Exxon Mobil had regained first place. For investors, it's worth remembering why 'Big Oil' is never far from the top.

Since the turn of the millennium, Cisco, GE, Microsoft and Apple have had spells as the table-topping share, as did Citi and HSBC before the 2008 crisis. But oil stocks are always thereabouts in the rankings. As well as Exxon Mobil, Chevron, BP, Total, Shell and Schlumberger are also in top 50 positions in the MSCI World index (which ranks global stocks by market capitalisation).

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Paul Amery

Paul is a multi-award-winning journalist, currently an editor at New Money Review. He has contributed an array of money titles such as MoneyWeek, Financial Times, Financial News, The Times, Investment and Thomson Reuters. Paul is certified in investment management by CFA UK and he can speak more than five languages including English, French, Russian and Ukrainian. On MoneyWeek, Paul writes about funds such as ETFs and the stock market.