BNP Paribas AM: Energy sector equities: running on empty?

One of the surprises of 2017 was the relatively poor performance of stocks making up the energy sector of the MSCI World developed market equity index. The sector gained just 4.2% last year, compared to the 23.1% advance for the broader index.

This shortfall is surprising as the principal driver of returns for energy sector stocks – crude oil prices – ended the year up by more than 20%.

To understand better the reasons why energy sector equities have been underperforming – and how they are likely to fare in 2018 – read our expert analysis here.