Energy ETF Rally: About More Than Just Iran

Perhaps surprisingly, investors have pulled $447.5 million from XLE since the start of the second quarter. Year-to-date, the ETF has seen inflows of almost $122 million.

“Investors have also been encouraged by a rotation in the market that has benefited energy stocks, healthy mergers and acquisitions activity in the oil patch and positive first-quarter earnings,” reports CNBC.

Rivals to XLE include the Vanguard Energy ETF (NYSEArca: VDE), iShares U.S. Energy ETF (NYSEArca: IYE) and the Fidelity MSCI Energy Index ETF (NYSEArca: FENY).

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