Noted investor Jeffrey Gundlach at DoubleLine Capital made waves last month on reports he saw an attractive buying opportunity in natural gas. Buying the commodity is similar to purchasing gold in 1997 before the big rally in the precious metal, Gundlach said, Bloomberg News reported.
In April, natural gas prices hit the lowest levels in a decade. [Natural Gas ETF Bounces]
The tracking index for FCG is ISE-Revere Natural Gas Index. The benchmark is an equal-weighted index comprised of exchange-listed companies that derive a substantial portion of their revenues from the exploration and production of natural gas, according to manager First Trust. The ETF has total assets of $377 million.
First Trust ISE-Revere Natural Gas Index Fund
