Vanguard fund to launch ETF that tracks oil, coal and natural gas stocks
Vanguard funds will launch a new fund that tracks the performance of energy stocks, including oil, natural gas and coal.
The fund, which will launch later this month, will track a broad range of energy and commodity stocks, according to the company’s website.
“The ETF is an important addition to our portfolio because it provides access to a broad portfolio of companies that are tracked by a broad array of funds,” said David Ochoa, head of corporate investing at Vanguard.
Vanguard has long provided a service to investors who want to track companies, and this is its first attempt at doing so, according the company.
Its technology for data mining the performance and trading of its portfolio has been used for some time by some hedge funds, according Vanguard.
In 2015, the company launched the Global Petroleum Index (GPI), which tracks the oil, gas and mining industries, including shale oil, oil sands, and tar sands.
In January, the ETF also offered data-mining tools to fund managers, and it also provides a free tool to invest in energy-related companies that use its technology.
Vanguard’s new fund is one of a handful of fund companies that offer data-mapping services, and the company said it will continue to invest with data-gathering companies in the future.
One of the most prominent data-matching services is in the energy sector, according VantagePoint, which helps investors make smart decisions on how to invest their money.
For example, the fund’s platform can help investors pick the right fund by analyzing stock data, using proprietary algorithms and then choosing the fund they want to invest.
Other funds that offer a similar feature are CitiFunds and Schwab, which both offer a tool that helps investors compare their portfolio with others.