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US regulator investigates oil fund..............>

OIL
OIL: US regulator investigates oil fund disclosures (FT)
- The US Commodity Futures Trading Commission is examining disclosures by
managers of commodity funds that are popular with retail investors, the chairman
of the derivatives regulator told the Financial Times, the latest sign of
scrutiny for a sector shaken by the oil price crash this year. Heath Tarbert,
who was appointed chairman a year ago, said he was concerned that investors in
commodity exchange traded funds were at times not provided with up-to-date
information on the investments and strategies pursued by the funds' managers.
Some funds, such as the popular US Oil ETF, rely on futures contracts to help
them meet their investment goals and needed to rapidly change their portfolios,
with minimal disclosure, when oil prices crashed in April.
- Link: https://www.ft.com/content/1e689137-2d1f-4393-a18f-fe0da02141cc
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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