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Article: UNited States : US Commodity Funds May Launch Argus Oil ETF.
- Article from:
- TendersInfo
- Article date:
- November 5, 2009
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Byline: manish03
The company that manages the world's largest exchange- traded fund for oil may launch an ETF tied to the Argus sour crude index.
"Absolutely, if that's what people find useful," John Hyland, chief investment officer for United States Commodity Funds, told Dow Jones Newswires on the sidelines of a conference in New York. Hyland's firm manages the United States Oil Fund (USO) and the United States Natural Gas Fund (UNG). Each is the largest single-commodity ETF in its market.
London-based Argus Media got a major boost for its index when it announced last week that Saudi Aramco, the state oil company of Saudi Arabia, the world's ...