MarketWatch.com
ETF in the oil patch
First fund tied to crude on deck, pending SEC approval
BOSTON (MarketWatch) -- The American Stock Exchange plans to introduce the first U.S.-listed oil exchange-traded fund next week pending final regulatory approval from the Securities and Exchange Commission.
The ETF, called United States Oil Fund LP, is set to launch on Monday and trade under the symbol "USO." It will be managed by commodity-pool operator Victoria Bay Asset Management LLC, according to a bell-ringing ceremony invitation sent to journalists by the Amex.
