Forex trading business – The policy of MIT has been to maintain a consistently large position in oil stocks, the second largest being the public utility group.

The utilities, in fact, represent a bigger investment if natural gas equities are included. As the holdings in the latter class are mainly regulated companies, it seems proper to add these to the electric utility group, which would have made the total in electric and gas utilities in 1961 approximately 17.9 per cent of assets. Among the noteworthy facts about the investments of MIT are that American Telephone & Telegraph is not included in the portfolio. Another fact of interest is the relative importance of the steel group, particularly since 1956. Bank stocks have been owned in comparatively small amounts, and insurance company issues have been absent entirely.

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