Oil and Gas ETF
It is obvious that the oil price is primarily important for the price movement of this oil and gas ETF. That being said, the reaction on the oil price is probably minor to what you would expect.
Share prices of mining companies may react much heavier than the prices of the basic materials they are mining. With oil and gas companies you will see the opposite, they tend to react much less intense than the prices of oil and gas themselves.
The main reason for this is that oil and gas companies are triggering many long term investors who are in it for the dividends they pay out. Speculators are more active in mining companies then in oil and gas companies.
Lyxor STOXX Europe 600 Oil and Gas UCITS ETF
You will get European oil & gas companies in this Lyxor ETF. The Lyxor oil and gas ETF is tracking the STOXX Europe 600 Oil & Gas (net Return) index.
23 companies are included in this oil and gas ETF with Total being the largest player with a share of 26%. BP is second with a 16% share and Shell is third with 15%.
The UK is the largest locator of these companies with a weighing of 30%. Then France is following with 27% and third are The Netherlands with 15%.
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Lyxor STOXX Europe 600 Oil and Gas UCITS ETF info:
ETF provider: Lyxor (Societe Generale)
Ticker: OIL
ISIN: FR0010344960
Currency: Euro
Exchange: Euronext Parijs
The Lyxor STOXX Europe 600 Oil and Gas UCITS ETF has quotations on different exchanges and is known under several ticker symbols. As long as the ISIN number is identical you are dealing with the same ETF.