Battered, bruised and coveted: Energy ETFs have been gutted in the past year amid falling oil prices, but investors keep piling in. The three largest exchange traded funds holding broad-based energy stocks absorbed roughly $3 billion in new money combined in the first seven months of this year.

CLS Investments, an ETF strategist firm in Nebraska, has been cautiously adding to its energy stakes.

“While we believe current prices are attractive, we are inclined to maintain our current overweight, without being heavy buyers,” said senior portfolio manager J.J. Schenkelberg…

Read the Full Article