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Best Oil ETFs to Watch in 2021
Best Oil ETFs to Watch in 2021 May 21, 2021 14:37 UTC Reading time: 12 minutes
Oil prices have been on a rollercoaster ride in recent years, crashing to 30-year lows after the pandemic before rallying more than 500% into 2021.
It’s just one reason investors are keen to identify what the best oil ETFs (exchange traded funds) are for this year.
These type of funds aim to track an index of oil prices by investing in oil directly or through derivatives like futures or options - allowing the investor to just focus on one investment to diversify their portfolio.
Baker (Michael) Corporation (AMEX:BKR), BP p l c (NYSE:BP) - Don t Miss These Energy Stocks In 2021 benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.
Energy stocks and funds: oil, renewables, or a combination? My investment strategy Image source: Getty Images
The transition from fossil fuels to renewables is well underway. The pandemic reduced oil demand, causing the oil price to plummet, and oil company share prices with it. Simultaneously, demand for renewable energy investments soared. There’s now an array of energy stocks and funds available. These range from pureplay renewables to energy transition or traditional fossil fuels.
Identifying value in ESG investing
I like investing in a mixture of individual stocks and funds in my Stocks and Shares ISA. I think funds can offer diversification when my budget is limited. They also save me time trying to evaluate numerous companies. But at the same time, as the transition from oil to renewables continues and the number of individual stocks and funds available has surged, my big question is: do I decide whether to go eco, or traditional or both?