XES - XES: A Tactical Hold With Bullish Potential In The Oil And Gas Services Sector
2024-07-03 21:11:36 ET
Summary
- XES offers exposure to oil and gas services sector with modified equal-weighted index approach and low expense ratio.
- XES lags in dividend performance compared to peers, but offers strong liquidity and lower concentration risk for diversified exposure.
- Oil and gas market dynamics show caution in production expansion, but opportunities for growth with easing financial conditions and increased global investment.
Fund Overview
The SPDR S&P Oil & Gas Equipment & Services ETF ( XES ) offers investors a focused opportunity to gain exposure to the oil and gas services sector. Launched in 2006, XES is designed to track the S&P Oil & Gas Equipment & Services Select Industry Index, which comprises companies from two key sub-industries: Oil & Gas Drilling, and Oil & Gas Equipment & Services. The fund's primary objective is to provide investment results that generally correspond to the total return performance of this index....
XES: A Tactical Hold With Bullish Potential In The Oil And Gas Services Sector