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Australian energy stocks out of favour with fund managers

2015-01-14 10:52:30| Energy - Topix.net

Beaten down Australian energy companies are no longer the pick of some fund managers, who are building up positions in offshore giants as a way to fight the plunging oil price. Clime Investment Management chief investment officer John Abernethy has been buying more shares in US energy companies Chevron and Exxon because of their diversification benefits.

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