Oil Sands ETF Debuts (SNDS)

Sustainable Wealth Management has become the latest company to partner with Exchange Traded Concepts to debut an ETF, announcing this week the launch of the North American Oil Sands ETF (SNDS). The new fund will seek to replicate the Sustainable North American Oil Sands Index, a benchmark that includes companies with operations focusing on oil exploration, production, refinement, marketing, storage and transportation. The underlying index consists of Canadian or U.S.-listed stocks, with the roster ranging between 25 and 40 components depending on the depth of the market. The index is equal weighted [see How To Screen Energy ETFs]. Oil Sands 101 The oil sands, also known as the “tar sands,” refers to sandstone that contains a blend of water, sand, clay and petroleum. Though there are considerable oil sands found in parts of eastern Europe, the largest quantities are located in Canada–specifically the province of Alberta. Until recently, oil sands weren’t [...] Click here to read the original article on ETFdb.com. Related Posts: Energy ETF Cheat Sheet: Expenses, Dividends, And Returns Van Eck Debuts Unconventional Oil & Gas ETF Market Vectors Files For Unconventional Oil & Gas ETF Three Forgotten ETFs To Play Oil ETF Dividend Ideas For 2011