This Oil ETF Is Running Wild
The coronavirus lockdown has roiled the oil market, and with it the world’s largest oil exchange-traded fund, USO, which has changed its exposure almost daily, gone through a reverse split and halted creations after seeing a huge influx of investors hoping to call a bottom in oil.
On this episode of Trillions, Bloomberg Businessweek editor Joel Weber and Bloomberg Intelligence senior ETF analyst Eric Balchunas are joined by Peter Tchir, head of macro strategy for Academy Securities, to discuss whether an ETF like USO should exist. They also talk about alternatives for investors hellbent on trying to time an oil rebound.
Finally, Tchir gives his take on bond ETFs and brings his sector ETF picks.
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