Neither an oil plunge nor an economic slowdown in the world's largest oil importer is rattling some ETF investors. Energy Select Sector SPDR (XLE), the $10.74 billion exchange traded fund bogey, absorbed nearly $31 million in new investor money last week. Many investors, seeing a long-term buying opportunity in its rock-bottom share prices, defied last week's violent China sell-off and oil's slump to multiyear lows. At CLS Investments in Omaha,
Monday 24 August 2015
Top ETF Firm Is 'Adding To Energy Positions Slowly'
Otmane El Rhazi from Investor's Business Daily - ETFs RSS.
Neither an oil plunge nor an economic slowdown in the world's largest oil importer is rattling some ETF investors. Energy Select Sector SPDR (XLE), the $10.74 billion exchange traded fund bogey, absorbed nearly $31 million in new investor money last week. Many investors, seeing a long-term buying opportunity in its rock-bottom share prices, defied last week's violent China sell-off and oil's slump to multiyear lows. At CLS Investments in Omaha,
Neither an oil plunge nor an economic slowdown in the world's largest oil importer is rattling some ETF investors. Energy Select Sector SPDR (XLE), the $10.74 billion exchange traded fund bogey, absorbed nearly $31 million in new investor money last week. Many investors, seeing a long-term buying opportunity in its rock-bottom share prices, defied last week's violent China sell-off and oil's slump to multiyear lows. At CLS Investments in Omaha,
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