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The United States Oil Fund was founded on April 10, 2006, by Victoria Bay Asset Management, now known as United States Commodity Funds, [5] [6] and the American Stock Exchange. The fund opened on its first day of trading at $68.25 per share. [7] [8] USO's investment objective is to include the changes in percentage terms of its units' net asset ...
United States Commodity Funds LLC is an issuer of exchange traded commodity products (ETPs). It was founded in 2005 in Alameda, CA. The first fund it launched, in 2006, was United States Oil Fund, LP. USO was the first commodity ETF based on crude oil launched in the United States.
ETFs can be asset allocation funds, which include different asset classes rather than just one. They are usually, but not exclusively, implemented using a fund-of-funds structure. The most common ones use fixed strategies, which can be described with terms like "aggressive" or "conservative", denoting more in stocks and more in bonds, respectively.
An ETF also offers diversification, reducing your risks over buying a small number of individual stocks. Here are some of the best energy ETFs based on their sub-sectors, with data as of April 4 ...
While the Vanguard Energy ETF (NYSEMKT: VDE) holds 112 energy stocks, two of those holdings -- ExxonMobil (NYSE: XOM) and Chevron (NYSE: CVX) -- comprise more than a third of the total. Vanguard ...
The energy sector has not done a lot in recent years, with the popular Energy Select Sector SPDR Fund (NYSEARCA:XLE) and Vanguard Energy Index Fund ETF (NYSEARCA:VDE) moving sideways over the past ...
PowerShares ETFs also cover the commodities market, diversified and tiny or microcap stocks. [6] For instance, the PowerShares DB Commodity Index Tracking Fund, or DBC, which it developed with Deutsche Bank, allows for individual investors to invest in commodities by means of its ETF. [7] The PowerShares DB Oil Fund (DBO) deals with the crude ...
An exchange-traded fund, or ETF, can be a great way to get exposure to an industry or sector that you think will outperform. ... That being said, most ETFs are filled with a lot of stocks, some of ...
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