18.27250 USD
0.1875
1.02%
Last update Dec 15, 3:40 PM GMT
Market closed
Day range
18.27250
18.30000
Previous close
18.46000
Open
18.30000
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ETFS Petroleum Mutual Fund
18.27
0.19
1.02%

Overview

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Description

The ETFS Petroleum Mutual Fund is a financial instrument designed to provide investors with focused exposure to the petroleum sector. This mutual fund invests primarily in companies involved in the exploration, production, refining, and distribution of petroleum and petroleum-based products. The fund is constructed to encompass a diverse range of holdings within the energy sector, potentially including major oil corporations, smaller exploration firms, and those engaged in oilfield services. Its primary function is to allow investors to capitalize on movements within the oil market without having to invest directly in crude oil futures or physical petroleum. The fund responds to fluctuations in oil prices, as well as broader market trends, regulatory environments, and geopolitical developments affecting the energy industry. By doing so, the ETFS Petroleum Mutual Fund serves as a significant tool for investors seeking to diversify their portfolios by integrating energy sector dynamics, thus playing a critical role in both strategic asset allocation and thematic investment strategies within the global financial markets.

About

Address
Phone
+44 20 7355 9810
Website
Instrument type
ETF
Country
United Kingdom
MIC code
XLON
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