IndexIQ rolled out the latest ETF offering exposure to oil companies today, debuting the IQ Global Oil Small Cap ETF (IOIL). The new ETF will be the first exchange-traded product to offer exposure to global small cap companies engaged in the oil sector, including areas of exploration and production, refining and marketing, and equipment, services and drilling. IOIL will seek to replicate the IQ Global Oil Small Cap Index, a benchmark that consists of about 60 small cap oil companies from more than a dozen emerging and developed economies. Oil refining and marketing stocks account for about 40% of the underlying benchmarks, with exploration and production firms making up 37% or so and the remainder attributable to equipment, services, and drilling firms. Stocks listed on U.S. exchanges account for about 45% of total assets, with Canada, Thailand, Colombia, and Japan making up the most significant international allocations. New Twist On [...] Click here to read the original article on ETFdb.com. Related Posts: Finding The Right Oil ETF For A Crude Rally Nine Twists On Sector ETF Investing The Definitive Oil ETF Guide: List of Oil ETFs and More Tuesday’s ETF Chart To Watch: iShares Silver Trust (SLV) Thursday’s ETF Chart To Watch: SPDR S&P Oil & Gas ETF (XOP)