Climate Changed
Trading ‘BOON’ Pickens: Oil Tycoon's Spinoff Fund Seeks Listing
- New ETF to include energy producers, refiners, renewables
- Equity index fund to include companies correlated with Brent
Photographer: Chris Goodney/Bloomberg
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Legendary oil tycoon T. Boone Pickens has closed his hedge fund, but the octogenarian’s name may live on on the New York Stock Exchange.
NYSE Pickens Oil Response ETF, a spinoff of the wildcatter’s shuttered Dallas-based BP Capital LLC, submitted a prospectus to the New York Stock Exchange that would use the ticker “BOON.” The equity index fund will include energy explorers and producers, oil-services companies, refiners and renewables companies that are closely correlated to the Brent crude oil price.