ETF Trends publisher Tom Lydon discussed the SPDR S&P Oil & Gas Equipment & Services ETF (XES) on this week’s “ETF of the Week” podcast with Chuck Jaffe on the MoneyLife Show.
XES seeks to provide investment results that correspond generally to the total return performance of an index derived from the oil and gas equipment and services segment of a U.S. total market composite index. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index represents the oil and gas equipment and services segment of the S&P Total Market Index (“S&P TMI”).
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