Energizing a dividend-growth portfolio

Why PH&N's Dale Harrison and Andrew Sweeney pumped up their oil holdings

Sonita Horvitch 27 May, 2010 | 1:40AM
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Dale Harrison and Andrew Sweeney, co-managers ofPH&N Dividend Income , have been increasing the economically sensitive tilt to the portfolio by, in the main, adding to energy holdings on recent weakness in these stocks.

"The emphasis is on oil producers," says Harrison. "The case for oil is predicated on the global economic recovery." On the supply side there is, says Sweeney, a need for higher commodity prices to encourage additional production. In general, global oil supply is constrained.

The two managers, whose investment style is growth at a reasonable price (or GARP), have been introducing new oil-producing names to the portfolio as well as increasing their investment in some existing holdings. Also, in keeping with their theme of global economic recovery, they have been adding to key industrial names.

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Sonita Horvitch

Sonita Horvitch  

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