RE:RE:Has Nutall run out of things to buy?what does OIH have to do with it? Ninepoint is a canadian funds, with under 2% exposure to services as of end march (maybe increasing), OIH is US large cap services companies, no producers. Nobody expects ninepoint to perform like OIH - its like comparing ffuji apples to moroccan clementines. But if you look at last 12 months , OIH up 58% last 12 months vs 147% for ninepoint.
I expect hedge funds and others have been positioning in services as the lag may be coming to an end