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Energy stocks dominate CCNR, but the ETF is not a dedicated energy fund
WTI futures closed at $91.26 per barrel last Friday as ongoing wars in Iran and Ukraine continue to disrupt exports, highlighting the geopolitical risk investors weigh in the sector.
ETF Trends highlighted the ALPS CoreCommodity Natural Resources ETF (CCNR) as a way to gain exposure to energy equities while not investing exclusively in the energy sector.
The outlet pointed to geopolitical risks tied to wars in Iran and Ukraine, saying those conflicts are hampering exports from the affected nations.
It also cited a recent oil-price reference, noting West Texas Intermediate (WTI) futures closed at $91.26 per barrel last Friday.
According to ETF Trends, CCNR allocates 36.48% of its weight to energy equities, and it is positioned as a more diversified alternative to dedicated energy funds.
Latest closeWTI crude $89.70 ▼1.6%