The $1 billion ETF allocates 14.2% to Exxon Mobil (NYSE: XOM), almost 8% to Royal Dutch Shell (NYSE: RDS-A), 5.2% to Total (NYSE: TOT) and 2.2% to Eni (NYSE: E), all of which have operations in Russia.
BP, Total and Shell are top-10 holdings in the BLDRS Europe 100 ADR Index Fund (NasdaqGM: ADRU), combining for almost 15% of that ETF’s and that explains why the ETF is off nearly 2% Monday.
The SPDR Dow Jones Industrial Average ETF (NYSEArca: DIA) is getting slammed as its underlying index is off more than 1%, but there is more to the story than some investors may realize. In addition to Exxon, Boeing (NYSE: BA) has operations in Russia. The two stocks combine for almost 9% of DIA’s weight and both are top-10 holdings in the ETF.
iShares Global Energy ETF
