Don’t Frown, Average Down: Investors Still Chasing Oil ETFs
February 06, 2015 at 08:00 AM EST
Despite being on the wrong side of the oil trade, some investors have continued allocating capital to energy exchange traded funds even as oil volatility climbed and prices tumbled. Even with Thursday’s 4.1% jump, the United States Oil Fund (NYSEArca: USO)is down 47% over the past six months, but...