WorldOil.com is showing interesting investment returns on state pension funds invested in oil. The study was done by Sonecon.
On average, $1 invested in oil and natural gas stocks in 2005 was worth $2.30 in 2013. By contrast, $1 invested in all other assets over the same period was worth $1.68.
While oil and natural gas stocks make up, on average, 4% of holdings in the top public pension funds, they accounted for, on average, 8% of the returns in these funds from 2005 to 2013, according to the Sonecon study.
The report examines the top two public pension funds in 17 states, which collectively cover more than half (55%) of all workers in the U.S. who participate in state and local government pension plans.
States analyzed in the report are: California, Florida, Illinois, Indiana, Iowa, Michigan, Minnesota, Missouri, Nebraska, New Hampshire, New Mexico, New York, North Dakota, Ohio, Pennsylvania, South Carolina, and West Virginia.