Van Eck Global’s exchange traded fund division, Market Vectors, is launching on Wednesday the first U.S.-listed “unconventional” ETF that follows the country’s development of oil and gas resources.

Market Vectors Unconventional Oil & Gas ETF (NYSEArca: FRAK) will try to the reflect the performance of an energy sub-sector that includes companies involved in coalbed methane, coal seam gas, shale oil, shale gas, tight natural gas, tight oil and tight sands, according to a press release. [Is Natural Gas ETF Rally for Real?]

The new ETF has 43 component holdings and an expense ratio of 0.54%.

Over the past couple of years, developments in new extraction techniques have led to huge increases in North American natural gas supplies. [ETF Spotlight: Natural Gas]

“We’re pleased to add FRAK to our family of hard assets ETFs,” Allison Lovett, V.P. of Marketing at Van Eck Global, said in the press release. “As momentum continues to build in this innovative sub-sector of the energy world, companies in this space are poised to lead the way in the discovery and extraction of energy from new existing sources.”

For more information on new launches, visit our new ETFs category.

Max Chen contributed to this article.

The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.

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