Looking for an energy exchange traded fund without exposure to BP?
The WSJ‘s Ian Salisbury may have the answer in his column Some Energy ETFs Sidestep BP Effect. It turns out that, since BP is a UK company, the stock isn’t part of the indices tracked by some of the larger energy ETFs such as the Energy Select Sector SPDR (XLE) and the Vanguard Energy ETF (VDE).
Global energy ETFs are more likely to include BP. For example, Salisbury points out that the iShares S&P Global Energy Sector Index Fund (IXC) has BP as the fund’s third largest holding.