Investors now have an ETF to gain access to an array of global small-cap oil companies. The new ETF from Index IQ is the IQ Global Oil Small Cap ETF (IOIL), which will give investors one-trade exposure global oil stocks in the small-cap arena.
Companies involved in areas such as exploration and drilling, refining and marketing and equipment services and drilling are included. The ETF is also a compliment to large-cap oil, gas and energy funds within a portfolio.
Oil prices have been rising on Middle East unrest and a weaker U.S. dollar.
Tisha Guerrero contributed to this article.