CRAK Profile
The
VanEck Oil Refiners ETF (CRAK) is an exchange-traded fund that tracks
the performance of companies engaged in the refining and marketing of
petroleum products. Specifically, the ETF invests in companies that
derive at least 50% of their revenue from refining crude oil into
petroleum products such as gasoline, diesel, and jet fuel.
The
ETF was launched in August 2015 and has over $68 million in assets
under management. The ETF's top holdings include Valero Energy,
Marathon Petroleum, and Phillips 66. The fund is passively managed and
seeks to replicate the performance of the MVIS Global Oil Refiners
Index.
Investors who are bullish on the oil refining industry
may find CRAK an attractive investment option. As the global demand
for oil and gas continues to grow, the demand for refined petroleum
products is also likely to increase. Moreover, the refining industry
is cyclical in nature and tends to perform well during periods of
economic expansion.
However, it's worth noting that the
refining industry is highly competitive and sensitive to fluctuations
in oil prices. In addition, regulatory changes, environmental
concerns, and the rise of renewable energy sources may pose long-term
challenges to the industry.
As with any investment, investors
should carefully consider their investment objectives and risk
tolerance before investing in CRAK or any other ETF. It's also
recommended to consult with a financial advisor to determine whether
an investment in CRAK is suitable for their investment
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