ETFs: Cashing in on oil and gas stocks

Sometimes with momentum upwards, but then also quickly downwards again - a solid recovery looks different. Investors therefore remain cautious. When they do buy, it is mainly ETFs with shares from the USA or worldwide.

28 June 2022. Frankfurt (Börse Frankfurt). Fears of a recession continue to weigh on the markets. Although the DAX has stabilized somewhat after the quite substantial losses in the previous weeks. At midday on Tuesday, the index was at 13,284 points - above yesterday's level and roughly at the same level as a week ago. However, uncertainty remains high. Frank Mohr of Société Générale reports a sales overhang in ETF trading - with slightly lower turnover. "Investors are currently orienting themselves as to where the journey is heading."

Energy stocks: profit-taking and repositioning.

The oil and gas price explosion continues to be an important topic. As a result, the energy sector remains one of the most closely watched sectors. However, as Mohr notes, products such as iShares Oil & Gas Exploration & Production (IE00B6R51Z18) are currently tending to be sold. "This is probably profit-taking after the previously very good price performance."

Fabian Wörndl of Lang & Schwarz, on the other hand, is still seeing a lot of buying in the iShares product. "There is really a lot going on in energy stocks." The oil price is still well below the March high of 133 U.S. dollars for a barrel of Brent, but has recently risen again somewhat to currently 112 U.S. dollars.