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Monday, April 10, 2006

 

uso (oil etf)

I was looking at the new oil etf. The description would indicate that there will be decay from one month to another. I was looking for a description of what they are doing.. They are saying that they are backing the account with treasury securities and then going into the market long. The backers of this thing are pretty clueless considering they are getting paid based on the amount of assets they attract it would seem that they would have a simple web-site that you could find in a search engine. Victoria Bay Asset Management uncovers only news stories but nothing strait from the company. That is always a bad sign when it comes to clarification.

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