Industry Updates

Oil and Gas ETF returns fuelled by rallying oil prices

George Geddes

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Oil and Gas ETFs were among some of the biggest returners last week, according to data from Ultumus, following a rally in crude oil and gasoline prices over the last month.

Brent crude oil futures reached a five-month high of $71.9 a barrel, according to IG, after its price fell around 40% in Q4 2018. Since its peak loss of last year, the price of oil has picked up significantly, jumping 40% from its low of $50.8 a barrel.

Following the rally, a number of gas and oil ETFs’ net asset values ballooned such as the UBS Solactive Global Oil Equities ETF (UBUB) and the iShares Oil and Gas Exploration & Production ETF (SPOG). UBUB’s NAV grew 5.6% and similarly SPOG’s grew 5.2%.

ETFTickerNAV ChangeUBS Solactive Global Oil Equities UCITS ETFUBUB5.6%VanEck Vectors Unconventional Oil & Gas ETFFRAK5.5%iShares Oil & Gas Exploration & Production UCITS ETF USDSPOG5.2%ETFS GasolineUGAS3.8%

Furthermore European bank ETFs were also some of the best performing products over the period. The Lyxor Euro STOXX Banks ETF (BNKE) saw its NAV rise 4.3% to $11.18 on Friday’s close.

BNKE’s holdings include banking giants Santander, BNP Paribas and ING which have seen their share prices rise 3.9%, 4.2% and 5.1%, respectively.

ETFTickerNAV ChangeLyxor EURO STOXX Banks UCITS ETFBNKE4.3%iShares EURO STOXX Banks 30-15 UCITS ETFEXX14.2%Invesco STOXX Europe 600 Optimised Banks UCITS ETFSC0U3.6%Amundi MSCI Europe Banks ETFCB53.6%

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