Published on 28 Jun 2022 on Zacks via Yahoo Finance
If you're interested in broad exposure to the Energy - Broad segment of the equity market, look no further than the First Trust NASDAQ Oil & Gas ETF (FTXN), a passively managed exchange traded fund launched on 09/20/2016.
Passively managed ETFs are becoming increasingly popular with institutional as well as retail investors due to their low cost, transparency, flexibility and tax efficiency. They are excellent vehicles for long term investors.
Sector ETFs also provide investors access to a broad group of companies in particular sectors that offer low risk and diversified exposure. Energy - Broad is one of the 16 broad Zacks sectors within the Zacks Industry classification. It is currently ranked 2, placing it in top 13%.