iShares Global Energy ETF·Financial Services

Oil prices may stay elevated through 2027, with Strait of Hormuz risks and infrastructure damage tightening global supply. Check these Energy ETFs to ride the upside.

IXC hits a 52-week high, surging 63.7% from its low, as rising oil prices and Middle East tensions fuel momentum in the energy ETF.

Oil futures touched $100 per barrel this week as Iran's new Supreme Leader Mojtaba Khamenei vowed to keep the Strait of Hormuz closed, the waterway through which a fifth of the world's oil and liquefied natural gas transits.

I previously issued a 'buy' rating on IXC in mid-2025, citing sector rebound potential and global diversification. I don't believe the market will be over-saturated with crude in 2026, and that suggests to me that prices will move higher, as the current consensus is negative for crude. The fund's global exposure will help it outperform US-only funds in my view, as I feel the USD will weaken and developed markets will offer alpha.

I position iShares Global Energy ETF (IXC) as a hold due to mixed macro signals and elevated sector breadth. IXC's performance is highly sensitive to Brent prices, the US dollar, and 10-year Treasury yields, creating conflicting near-term drivers. The ETF's portfolio is dominated by integrated oil majors and upstream exposure, with a 3.48% SEC yield and 0.40% expense ratio.

Mixed oil major earnings, latest by ConocoPhillips, reveal how energy ETFs may be evolving beyond crude price bets toward LNG.
The iShares Global Energy ETF seeks to track the investment results of an index composed of global equities in the energy sector.
Financial Services
Asset Management
2001-11-26
0.14
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