Two relatively new additions to the natural gas equity space are GASL (Direxion Daily Natural Gas Related Bull 2X) and GASX (Direxion Daily Natural Gas Related Bear 2X), which track the same underlying index as does FCG, only the fund objectives are aligned to deliver 2 times inverse or long performance on a daily basis.

For those who find appeal in FCG and are using the fund as a hedging strategy or simply a short term way to “play” natural gas prices, GASL and GASX may also present some opportunity.

Natural gas “equity” related ETFs may have even broader appeal in that analysts in the energy space have also noted the high potential for M&A activity in the natural gas space, as evidenced in XOM’s acquisition of XTO last year for example.

First Trust ISE-Revere Natural Gas Index

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