VanEck Oil Refiners ETF (VE45)
XMUN 
Summary
VE45 Chart
Oil Slumps to Below $60: ETFs to Gain
Oil prices tumbled below $60 per barrel for the first time since February 2021. Lower oil prices have been a blessing for a few ETFs.
VanEck Oil Refiners ETF (VE45) FAQ
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VanEck Oil Refiners ETF Profile
| XMUN Exchange | US Country |
Overview
The fund primarily focuses on investing a minimum of 80% of its total assets in securities that form part of its benchmark index, which predominantly includes equity securities and depositary receipts of companies operating within the global oil refining sector. This index is specifically designed to track the performance of companies actively engaged in crude oil refining, requiring that these companies derive at least 50% of their revenues from this sector. It is important to note that the fund is non-diversified, meaning it may invest more heavily in a smaller number of companies or sectors, potentially increasing its risk and return volatility.
Products and Services
- Gasoline: A key product of crude oil refining, gasoline is essential for powering internal combustion engines, particularly in vehicles. It remains a staple energy source worldwide, driving the demand within the oil refining industry.
- Diesel: Another critical fuel, diesel is used across various sectors, including transportation, agriculture, and manufacturing. Diesel engines are known for their efficiency and power, making diesel fuel vital for heavy machinery, trucks, and some cars.
- Jet Fuel: Jet fuel is specially refined for use in aircraft engines. The production of jet fuel is pivotal for the aviation industry, impacting everything from commercial airlines to military operations.
- Fuel Oil: Used primarily in ships and industrial plants, fuel oil is a heavy petroleum product. It caters to sectors requiring high-volume fuel consumption for large-scale operations.
- Naphtha: Naphtha serves as a primary component in the petrochemicals industry, used for producing plastics, solvents, and a variety of other chemicals. Its versatility makes it a significant byproduct of the oil refining process.
- Other Petrochemicals: The refining process also yields various other petrochemicals that serve as raw materials for a wide array of industrial and consumer products, underpinning many aspects of the global economy.
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