VanEck Oil Services ETF A USD Acc
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General Objective
The fund aims to provide investors with exposure to the upstream oil sector, allowing them to invest in the largest and most liquid US companies in the oil services industry. This investment opportunity is based on the continued relevance of oil in the global energy consumption landscape and its importance in the energy transition towards a zero-carbon economy.
Fund Exposure
The VanEck Oil Services UCITS ETF is primarily exposed to the oil services industry in the United States, with a focus on companies such as Tenaris SA, Baker Hughes Co, and Schlumberger NV. The fund also has holdings in other countries such as the Netherlands and the United Kingdom, providing a diversified exposure to the sector.
Risks
Investing in the oil industry comes with inherent risks, including sensitivity to energy prices, exploration and production spending, and volatility in the value of oil services companies' securities. Additionally, performance may be affected by factors such as changes in commodity prices, supply and demand for fossil fuel products, regulatory changes, and concentration risk in specific sectors or industries. Investors should carefully consider these risks before investing in the VanEck Oil Services UCITS ETF.