BetaShares has rolled out an oil exchange-traded fund (ETF) in the market, Ninemsn reports. The fund has been unveiled to help investors get exposure to the oil market as easily as purchasing shares, without investing in and taking on the risks of oil companies.
The new vehicle will track the performance of West Texas Intermediate crude oil futures, which is traded on the New York Mercantile Exchange. BetaShares is an Australian provider of ETFs.
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West Texas New York Mercantile Exchange Australian Ninemsn BetaShares