Fund BasicsSee More
- Fund Family Invesco
- Assets Under Management 5,742,000
- Market Capitalization, $K 5,742
- Shares Outstanding, K 2,900
- 60-Month Beta 2.16
|Period||Period Low||Period High||Performance|
| || |
-0.5000 (-20.66%)since 09/01/20
| || |
-0.4200 (-17.95%)since 07/01/20
| || |
-2.6800 (-58.26%)since 10/01/19
Despite the huge surge in oil prices, energy ETFs have not kept up with the trend.
Energy, gold, online retail and biotech were the most-discussed ETF areas in April and could continue to be so in May.
The energy sector has been holding up well this quarter, rising more than 18%.
These ETF strategies should be helpful for investors amid an energy market rout.
Oil prices collapsed to below zero for the first time in history with buyers avoiding delivery of physical crude.
These energy ETF areas gained/lost little on the historic day when oil futures turned negative.
The OPEC and its allies including Russia are reportedly in discussion for deeper output cuts by another 500,000 barrels a day to stabilize the coronavirus-infected oil price.
While Wall Street is surging this quarter, these sector ETFs offered even better performances to beat the market.
Energy ETFs are quite a scare this Halloween, thanks to a subdued earnings picture, operating woes, dismal demand outlook and downbeat stock market performance.
Oil price jumped following an attack on the heart of Saudi Arabia's oil production facilities in Abqaiq and Khurais.