Morgan Stanley Rolls Out Oil-Linked S&P 500 ETN (BARL)

By: ETFdb
Morgan Stanley has rolled out a new ETN that combines access to large cap U.S. equities with exposure to a futures-based investment in crude oil. The new S&P 500 Crude Oil Linked ETN (BARL) will offer returns of the S&P 500 Oil Hedged Index. That benchmark provides exposure to the S&P 500 Total Return Index along with positions in short-term NYMEX Crude Oil and ICE Brent Crude Oil futures contracts. BARL is essentially a combination of the S&P 500 SPDR (SPY), United States Oil Fund (USO), and United States Brent Oil Fund (BNO), all rolled up into one. It’s important to note that BARL provides equal exposure to both stocks and commodities; a $100 investment in BARL provides both $100 worth of exposure to the S&P 500 and $50 worth of exposure to both Brent and WTI futures contracts. So if the S&P 500 gained 10% and each oil position [...] Click here to read the original article on ETFdb.com. Related Posts: Three Forgotten ETFs To Play Oil April ETF Data: Assets Set Record, EEM Strikes Back Don’t Fight The Curve: Five Commodity ETFs in Backwardation February ETF Flows: Commodities Are Hot, Emerging Markets Are Not USO vs. BNO: Explaining The Big Gaps In Oil ETF Performance
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