Markets

Oil ETF Crisis Spreads to Hong Kong as Fund Tumbles 45% | Yahoo Canada Finance

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(Bloomberg) — The unprecedented drop in U.S. oil futures is rippling through the world’s exchange-traded fund market, with the latest example in Hong Kong.The Samsung S&P GSCI Crude Oil ER Futures ETF, which held more than $500 million worth of the derivatives as of April 20, lost nearly half its value