Getty Trust overweights energy on strong fundamentals despite negative sentiment
Jim Williams · James Williams – Curating The Getty's Assets (Capital Allocators, EP.50) · Apr 30, 2018 · at 1:10:35
Jim Williams, CIO of the J. Paul Getty Trust, explains why the endowment has taken an aggressive overweight position in the energy sector despite negative media sentiment.
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“We have the overweights that I mentioned in China, and the other big overweight is in energy. And what we like about energy, and still do, is the fundamentals are really, really good, but the attitudes, the news reports, the emotions are not good, and that's really kind of okay, because in the long term, fundamentals win, and if the atmospherics are just not that Good for a space that short-term volatility is fine. You can make money with that kind of volatility if the fundamentals are solid, and we think this is a space with some really solid, good fundamentals for some time. And so we have a pretty big overweight on in the energy space.”
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