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The Korea Herald
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THE INVESTOR
March 29, 2024

Finance

Oil funds bullish on rising prices

  • PUBLISHED :January 08, 2018 - 10:03
  • UPDATED :January 08, 2018 - 10:03
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[THE INVESTOR] Korea’s oil exchange-traded funds have reported higher returns in recent months as international crude prices rallied, a fund evaluator said on Jan. 8.

The nation’s three major oil ETFs posted an average return of 14.15 percent in the past three months, emerging as the top performers among local commodity funds, KG Zeroin said.

Comparable yields were 4.62 percent for commodity funds and 3.84 percent for the benchmark KOSPI.

Global oil prices have been on a steady rise since last August after hitting a low point of US$42 per barrel.

The benchmark West Texas Intermediate has been hovering around US$61 for barrel in recent days amid the Middle East tensions.

By Alex Lee and newswires (alexlee@heraldcorp.com)

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