IEZ - Money flowing into oil gas ETFs at highest rate in a decade

anatoliy_gleb/iStock via Getty Images Nearly $18B has poured into U.S. energy-stock ETFs so far this year, more than at anytime in a decade and close to 3x the amount seen in H1 2020, Bloomberg reports. Investors have been reeled in by the strongest rally in oil and gas prices since 2009 - not withstanding today's drubbing - with oil jumping more than 50% YTD as demand is rebounding faster than OPEC+ adds supplies, while U.S. production has remained steady. ETFs focused on energy stocks have returned a median 43% in 2021, more than any other industry, and 60% of this year's inflow has been invested in funds that are heavily focused on fossil fuel companies. Energy Select Sector SPDR Fund (XLE), which holds ~$25B and is heavily exposed to the likes of Exxon and Chevron, has enjoyed the biggest inflow among energy-stock ETFs and double the amount invested in iShares

For further details see:

Money flowing into oil, gas ETFs at highest rate in a decade