Consumer, Oil ETFs Move on Dockworker Strike, Middle East
In This Article:
In this week's episode of Exchange Traded Fridays, the etf.com editorial team discusses the Israel-Iran conflict, the dockworker strike, the Schwab ETF share split, and which ETFs are being impacted the most by these events.
With rising tensions in the Middle East, investors are bidding up the price of oil, which has lifted shares of funds that track crude's price, such as the United States Oil Fund (USO), as well as equity-based energy ETFs like the Energy Select Sector SPDR Fund (XLE).
Meanwhile, Schwab's share split on two-thirds of its ETF lineup has raised great interest and many questions in the investment community, including whether share splits provide value to investors or if they're primarily a marketing ploy.
Tune in to this week's episode to hear etf.com editor in chief Kristin Myers, wealth management editor Jeff Benjamin, and research lead Kent Thune discuss these topics and what ETF investors and advisors need to know about them.