The energy sector rules the market and you can participate with these ETFs
In recent months, we have seen that the energy sector can be generous, but also quite wild. This can be avoided quite well by diversifying with ETFs, which we will now look at.
SPDR S&P Oil & Gas Exploration & Production ETF $XOP
XOP is an ETF that provides exposure to the stock price performance of large U.S. oil and gas exploration and production companies. It tracks the performance of the S&P Oil & Gas Exploration & Production Select Industry Index, which includes industry leaders such as ExxonMobil, EOG Resources $EOG, ConocoPhillips $COP, Chevron $CVX and Pioneer Natural Resources $PXD.
Despite diversification through the index, this ETF is considered a riskier fund that has delivered rather average to below-average performance in the past.
However, for investors seeking exposure to this area of the economy, this fund provides a tradable and relatively inexpensive option with total annual expenses of 0.35%
iShares Global Energy ETF $IXC
The iShares…
Nice article, thanks for the tips.
Energy? Yeah, right. Give it here. It'll be a hot topic in a couple of years, not as hot as it is today, but totally hot.
With the recession coming, I expect a further decline, but then I would buy. On the other hand, it's possible it will jump up in the winter if someone is looking for a short-term investment.
Nice article. Oil is down now, but otherwise a place to make money. I personally don't have an ETF but I do have it represented in specific stocks like $SHEL and $OXY