There are over 1,700 exchange traded products trading in the U.S. Just over 40 have lost 30 percent or more year-to-date, but underscoring weakness in natural gas futures and equities, several of this year's worst-performing ETFs are natural gas funds.
That dubious group includes the First Trust ISE-Revere Natural Gas Index Fund (NYSE: FCG). FCG tracks the ISE-REVERE Natural Gas Index, 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 First Trust.
As can be gleaned from the United States Natural Gas Fund (NYSE: UNG)'s nearly 38 percent slide over the past year, exploring for and producing natural gas has not been the most profitable of ...
/www.benzinga.com/trading-ideas/long-ideas/15/08/5740690/why-this-gas-etf-is-getting-smoked alt=Why This Gas ETF Is Getting Smoked>Full story available on Benzinga.com
More...