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Indexfundfan is an engineer. He holds a Ph.D. in Electrical Engineering and works in the semiconductor industry. Currently residing in Silicon Valley, California, USA, he starting investing during the bubble days of 2000. Like almost everyone else, he got burnt from his investments, but fortunately the price of the lesson was not too expensive. Now, he holds a well-diversified, low-cost and mostly-indexed portfolio (details HERE). In his free time, he likes to read and write investment-related articles. His email address is indexfundfan [AT] gmail [DOT] com and his blog page is at www.indextown.com.

Monday, April 10, 2006

Crude oil ETF starts trading

The first crude oil-based ETF (ticker USO) started trading today on the American Exchange. This ETF is designed to track the price of U.S. benchmark crude oil and would probably become a hot favorite among "black-gold bugs".

The figure shows the trading action for this first day. A substantial 3.8 million shares were traded.

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