IndexIQ this week rolled out the IQ Global Oil Small Cap ETF (NYSE: Arca: IOIL), the first small-cap exchange traded fund for investors looking to cash in on small companies that are either exclusively or primarily engaged in the oil industry.

The ETF includes firms involved in exploration and production, refining and marketing and equipment, services and drilling. Company officials said it will track the performance of the IQ Global Oil Small Cap Index.

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