April 18, 2007 at 1:09 pm by Tom Lydon
Another commodity is now available to investors, with the first natural gas exchange traded fund (ETF), launched by Victoria Bay Asset Management. According to the press release, the objective of U.S. Natural Gas Fund (UNG) is to have the changes in percentage terms of the unit’s net asset value reflect the changes in percentage terms of the price of natural gas delivered at the Henry Hub, Louisiana, as measured by the changes in the price of the futures contract on natural gas.
UNG began trading on the American Stock Exchange today (April 18,2007) and is the second launch by Victoria Bay. The first was U.S. Oil Fund (USO).
Tags: Commodity ETFs, Natural Gas, Oil, UNG, USO
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