FYI: Thanks to the shale boom, the U.S. is major player on the global energy stage. By some accounts, the U.S. is now a net oil exporter. Investors can celebrate that new found energy independence with a new exchange traded fund, the American Energy Independence ETF USAI, +0.00% The American Energy Independence ETF debuted Thursday courtesy of SL Advisors. USAI is the firm's first ETF. The new ETF tracks an index developed by SL Advisors. “Our energy infrastructure exchange traded fund seeks to track the American Energy Independence Index,” said SL Advisors. “Growing production of crude oil, natural gas and natural gas liquids is increasing the need for new infrastructure to move, process and store this output. We anticipate that as the U.S. becomes ever more energy independent, North American infrastructure businesses should benefit.”
Regards,
Ted
https://www.marketwatch.com/story/celebrate-american-energy-independence-with-this-new-etf-2017-12-15-8465735/print
