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Target Index

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zsvq1p   Monday, 04/20/20 07:57:27 AM
Re: country boy3 post# 693
Post # of 739 
Target Index
The Energy Select Sector Index (IXETR) is
provided by S&P Dow Jones Indices and
includes domestic companies from the
energy sector which includes the following
industries: oil, gas and consumable fuels;
and energy equipment and services.

They use swaps to try and achieve 2 x's that index.

This ETF typically follows oil but not always. The other day stocks were up yet oil was down. It follows energy stocks.



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