Over the past three months, nearly all of the worst performing exchange traded funds have direct ties to oil. Wade through the commodities plays such as the iPath S&P GSCI Crude Oil Index ETN (NYSEArca: OIL) and the United States Oil Fund (NYSEArca: USO) and the trail of tears includes scores of country ETFs and sector funds.
Oil services ETFs are predictable members of that less-than-illustrious list. The Market Vectors Oil Service ETF (NYSEArca: OIH), iShares U.S. Oil Equipment & Services ETF (NYSEArca: IEZ), SPDR Oil & Gas Equipment & Services ETF (NYSEArca: XES) entered Tuesday with an average 90-day loss of 27.6%, firmly positioning oil services stocks and ETFs as a hated asset class...............................................Full Article: Source
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