Best in Class Energy Sector ETFs - Part 2
Barchart's ETF Recommendations submits:<< Return to Part 1 U.S. Oil & Gas Equipment & Services iShares Dow Jones U.S. Oil Equipment & Services Index Fund (IEZ) – This fund, launched in May 2006, has $500 million in assets under management. This fund has an expense fee of 0.47%. The fund tracks the Dow Jones U.S. Select Oil Equipment & Services Index, which is a market-cap weighted index that currently holds 44 U.S.-listed stocks. The top five holdings are Schlumberger (SLB) (16.93%), Halliburton (HAL) (8.54%), National Oilwell Varco (NOV) (7.62%), Baker Hughes (BHI) (6.94%), and Weatherford (WFT) (5.24%). SPDR S&P Oil & Gas Equipment & Services ETF (XES) – This fund, launched in June 2006, has $460 million in assets under management. The fund has a fee of 0.35%. The fund tracks the S&P Oil & Gas Equipment & Services Select Industry Index. The fund has a 63.80% weight on the Oil & Gas Equipment & Services sub-industry and a 36.20% weight on the Oil & Gas Drilling sub-industry. The index is an equal-weighted index that holds 26 U.S.-listed stocks, which means each stock has a weight of about 3.8% after the quarterly rebalancing. PowerShares Dynamic Oil & Gas Services Portfolio (PXJ) – This fund, launched in October 2005, has $208 million in assets under management. The fund has an expense fee of 0.63%. The fund tracks the Oil & Gas Services Intellidex Index, which is a stock selection and weighting method that takes into account 25 factors that measure company fundamentals, stock valuation,Complete Story »
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