RS Global Natural Resources (RSNRX), with $1.1 billion in assets, also gets good performance grades from FORBES: B and A+, respectively, for up and down markets. So what's Pilara's take on natural resources these days? Bullish. "For the rest of the decade," he says, "this is the place to be."
Bold words, given the frothy prices for many commodities and the stocks of companies doing business in them. But Pilara, a self-proclaimed contrarian, waves off talk of a commodities bubble. "If you look at the resources stocks we're invested in," he says, "they sell at single-digit multiples."
