FYI: il gushed to its best level in months in October, cracking the keenly watched, $50-per-barrel level and rewarding energy bulls who have defied weak fundamentals to pour billions into ETFs in this sector.
Energy has outpaced the other S&P 500 sectors year to date through Oct. 13, jumping 18.7% while the broad market as reflected in SPDR S&P 500 (SPY) is up 6.1%.
Several exchange traded funds in this sector are among the best-performing ETFs of 2016.
Regards,
Ted
http://www.investors.com/etfs-and-funds/etfs/oil-is-king-the-best-performing-funds-in-the-best-performing-sector/
