Soreide Law Group has been contacted by clients who have suffered losses after their broker/dealers or financial advisors recommended purchasing Voya Natural Resources Equity Income Fund (IRR). Soreide Law Group has successfully defended numerous clients in oil and gas loss cases. This fund has decreased over -40% YTD. Due to the COVID 19 global pandemic, oil prices are at an all-time low.
| IRR’s 52 Week Range | 1.3500 - 5.2400 |
According to Yahoo Finance, Voya Natural Resources Equity Income Fund (IRR) is a closed-ended equity mutual fund launched by Voya Investment Management LLC. The fund is co-managed by Voya Investments, LLC and Voya Investment Management Co. LLC. It invests in the public equity markets of North America. The fund seeks to invest in stocks of companies operating in the energy, natural resources, and basic materials industries. It primarily invests in growth and value stocks of companies. The fund also invests through derivatives linked to the equity securities such as call options. It was formerly known as ING Risk Managed Natural Resources Fund. Voya Natural Resources Equity Income Fund (IRR) was formed on October 24, 2006 and is domiciled in the United States.
The oil business has had a rough year in 2020. The COVID-19 pandemic has forced millions of people across the globe to shelter in place, reducing travel and consumption of oil. Some analysts predict that demand is down 35 million barrels per day in late March and early April, leading to the incredibly low oil prices. Many predictions are for investors to brace for a structural change in oil markets for years to come. Demand will be significantly lower as fewer people travel, and there may not be an end to the decline in demand.
Investing in oil carries many significant risks for investors, especially those who have retirement in mind. Your broker/dealers have an obligation to inform you of these risks. If your broker/dealer recommended purchasing, Voya Natural Resources Equity Income Fund (IRR) or any other energy stocks that have now created significant losses in your portfolio, contact Soreide Law Group and speak to a lawyer at no cost regarding the possible recovery of your investment losses through a FINRA arbitration at: 888-760-6552.
Soreide Law Group defends our clients nationwide before FINRA on a contingency fee basis--no fee to you if no recovery.
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