XLE Is 91% Oil and Gas. Investors Buying “Energy” May Own Less Than They Think
The ticker says energy, but the fund's holdings tell a much narrower story than most investors expect before they buy in.
Kinder Morgan Inc is a major player in North America's energy infrastructure, with a vast network that includes about 82,000 miles of pipelines and 139 terminals. The company focuses on transporting and storing a variety of energy products, such as natural gas, refined petroleum, crude oil, and CO2. It also plays a role in the production and marketing of CO2 for oil recovery, and operates facilities for renewable fuels. Headquartered in Houston, Texas, Kinder Morgan is a key facilitator in the energy sector's supply chain.
The ticker says energy, but the fund's holdings tell a much narrower story than most investors expect before they buy in.
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