Market Vectors, the exchange-traded fund issuing arm of investment management firm Van Eck Global, recently launched a “first-of-its-kind” US-listed ETF that offers a pure play exposure in global refiners. While its common knowledge that US oil and gas producers (in the “upstream”) are bleeding, the story is quite different for oil refiners (in the “downstream”). The refining sector could actually …
New ETFs on the block: North American Oil Sands ETF (SNDS)
Sustainable Wealth Management is the latest entrant into the North-American oil sands market, launching their first ETF, the Sustainable North American Oil Sands ETF (SNDS) that gives investors broad exposure in to the space. SNDS seeks to track the Sustainable North American Oil Sands Index, a benchmark that comprises of companies with operations in oil exploration, production, refining, transportation and …
USO Underperforms Benchmark
With oil having come off its highs, the performance, or lack thereof, of the United States Oil Fund (USO) has raised some eyebrows, as the WSJ (subscription required) reports in “The Sum of Oil Fears:” The United States Oil Fund, ticker USO, remains one of Wall Street’s most popular vehicles for betting on oil prices. The exchange-traded fund, which invests …