We are pleased to announce the launch of Australia’s first global energy companies ETF which will trade under the ASX code FUEL.
FUEL provides simple, cost-effective and transparent exposure to the largest companies in the global Energy sector such as Exxon, Chevron, Royal Dutch Shell, BP and Total. The fund is hedged to the Australian dollar, which substantially removes the impact of currency fluctuations from the Fund’s investment performance.
FUEL is the first fund launch from BetaShares’ Global Sectors Series – a family of ETFs designed to provide investors with exposure to some of the world’s most important industry sectors. The other funds, to be launched in the coming months, track leading global companies across agriculture, healthcare, gold and bank (ex Australia) sectors, respectively.