The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Some Energy ETFs Avoid BP Losses Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, June 10, 2010

Some Energy ETFs Avoid BP Losses

News summary by MFWire's editors

Many exchange traded funds (ETFs) side-stepped the BP debacle through the luck of their design, reports the WSJ Fund Track. BP shares trade as an ADR in the United States, and many ETFs are restricted to shares of U.S.-based companies.

One ETF that does not have this restriction is iShares S&P Global Energy Sector Index Fund (IXC), according to the paper.

Fewer ETFs are sheltered from the fallout hitting Transocean. Though Standard & Poor's dropped the Zug, Switzerland-based company from its S&P 500 index when it relocated from the Cayman Islands, MSCI still classifies it as a U.S. company. 

Edited by: Sean Hanna, Editor in Chief

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2020: Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2020
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use