Oil Services ETF
VanEck Oil Services UCITS ETF
Oil Services ETF
VanEck Oil Services UCITS ETF
Fund Description
Oil currently represents a large chunk of the global energy consumption and its relevance is projected to remain high also for the decades to come, as the world’s energy demand increases. The events of 2022 have strengthened the case for oil as a mean to ensure energy security and to help gradually carry out the energy transition towards a zero-carbon economy. VanEck Oil Services UCITS ETF enables an investment in the upstream oil sector.
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NAV$23.91
as of 28 Jun 2024 -
YTD RETURNS3.35%
as of 28 Jun 2024 -
Total Net Assets$21.8 million
as of 28 Jun 2024 -
Total Expense Ratio0.35%
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Inception Date31 Mar 2023
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SFDR ClassificationArticle 6
Overview
Fund Description
Oil currently represents a large chunk of the global energy consumption and its relevance is projected to remain high also for the decades to come, as the world’s energy demand increases. The events of 2022 have strengthened the case for oil as a mean to ensure energy security and to help gradually carry out the energy transition towards a zero-carbon economy. VanEck Oil Services UCITS ETF enables an investment in the upstream oil sector.
- Invest in 25 US listed companies at the forefront of the upstream oil sector
- Gain exposure to a critical natural resource for energy security and independency
- Traditional inflation protection offered by hard assets
- Companies involved in activities ranging from oil equipment maintenance and production, drilling and technology-based services
Risk: You may lose money up to the total loss of your investment due to Risk of Investing in the Oil Industry, Risk Associated with Fossil Fuels, Regulatory Risk and Concentration Risk as described in the Main Risk Factors, KID and prospectus.
Underlying Index
MarketVector™ US Listed Oil Services 10% Capped Index
Fund Highlights
- Invest in 25 US listed companies at the forefront of the upstream oil sector
- Gain exposure to a critical natural resource for energy security and independency
- Traditional inflation protection offered by hard assets
- Companies involved in activities ranging from oil equipment maintenance and production, drilling and technology-based services
Risk: You may lose money up to the total loss of your investment due to Risk of Investing in the Oil Industry, Risk Associated with Fossil Fuels, Regulatory Risk and Concentration Risk as described in the Main Risk Factors, KID and prospectus.
Underlying Index
MarketVector™ US Listed Oil Services 10% Capped Index
Capital Markets
VanEck partners with esteemed market makers to ensure the availability of our products for trading on the mentioned stock exchanges. Our Capital Markets team is committed to continuously monitoring and assessing spreads, sizes, and prices to ensure optimal trading conditions for our clients. Furthermore, VanEck ETFs are available on various trading platforms, and we collaborate with a wider range of reputable Authorized Participants (APs) to promote an efficient and fair trading environment. For more information about our APs and to contact our Capital Markets team, please visit factsheet capital markets.pdf.Performance
Holdings
Portfolio
Literature
Index
Index Description
The MarketVector™ US Listed Oil Services 10% Capped Index tracks the performance of the 25 largest and most liquid US companies in the oil services industry. These companies are mainly involved in activities ranging from oil equipment maintenance and production, drilling and technology-based services.
Index Key Points
Underlying Index
MarketVector™ US Listed Oil Services 10% Capped Index (MVOICTR)
The Index Composition:
The MarketVector™ US Listed Oil Services 10% Capped Index tracks the performance of the 25 largest and most liquid companies in the oil services industry that are listed in the US, employing a 10% capping scheme. The selected companies need to generate at least 50% of their revenues from oil equipment, oil services and oil drilling.
- Market capitalization exceeding $150 million
- Three-month average daily turnover greater than $1 million
- Minimum trading volume of 250,000 shares each month over last 6 months
- Company weightings are capped at 10%.
Index provider:
MarketVector Indexes