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Oil price surge: which managers gain most?

As oil burst through the $100 barrier yesterday, Capital Group and Fidelity lead the pack of the fund managers with the most to gain from massive exposures to the oil and gas sector

Political upheaval in the Middle East sent oil prices soaring through the $100 barrier yesterday to the benefit of anyone with billion dollar exposures to the sector.

Leading the pack among active managers is Capital Group, an asset manager based in Los Angeles. Through its combined subsidiaries, the firm owns $81.8bn in global oil and gas equity stocks. Fidelity Management & Research comes a distant second, owning $55.46bn.

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