ETF with Possible Positive Upside ($OIH)
We have a number of ETF’s listed on our website. We havn’t heard much about new and promising ETF’s, however, recently we did! Which one is it? Let’s find out more from Tom Lydon.
Market Vectors Oil Services ETF (OIH) tracks the performance of the U.S. oil-equipment and -services sector. This ETF gives exposure to some of the industry’s largest players, however, the cyclical nature of the commodity markets influences its performance.
For the short-term, stunted global growth could hinder demand for crude and keep prices low. Emerging markets growth will continue to be the driver of major oil demand and consumption, with major developing markets such as China consuming all of the new crude production.
Like what you see? Continue your research on this one. We like to play ETF’s and this may be a good chance to start your ETF interest as well.
Quotes taken from report by Tom Lydon, Read the entire article here.
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