There are two kinds of oil funds, one is the stock fund that invests in oil stocks, and the other is the commodity fund that invests in crude oil commodities or futures. Let's introduce these two types of funds one by one.
I. Oil equity funds
Funds that invest in oil stocks include
Huabao S&P Oil and Gas Upstream Equity Fund, Huaan S&P Global Oil Index Fund and Guangfa Dow Jones Oil Index Fund.
Huabao S&P Oil and Gas Upstream Stock Fund, referred to as "Huabao Oil and Gas", is the largest oil fund. It invests in the stocks of upstream enterprises related to oil and gas in the US stock market, and the businesses of such enterprises are mainly crude oil exploration, exploitation, storage and transportation. Because Huabao Oil and Gas tracks oil stocks, it is not closely related to the rise and fall of oil prices. First, the profits of oil and gas companies are not completely related to the rise and fall of oil prices. Second, oil stocks will fluctuate with the rise and fall of the market. For example, US stocks plummeted, and Huabao oil and gas also fell miserably.
Two. Crude oil commodity fund
Crude oil commodity funds mainly invest in overseas crude oil spot and futures, and tracking crude oil prices is more accurate than oil stock funds. Typical representatives of such funds are
Southern crude oil, Harvest crude oil and E Fund.
. Over the past year, the price of crude oil has been rising, and these three funds have also risen a little. However, their increase is not as high as that of crude oil commodity prices, and they have not kept up with the performance comparison standards, so the effect of tracking oil prices is not perfect.
Summary: Oil funds include oil stock funds and crude oil commodity funds, and crude oil commodity funds have a great relationship with the rise and fall of oil prices. If you want to buy some oil as an asset allocation, you can consider investing in such funds every month.