Thanks in large part to rebounding energy commodities, namely oil, the once downtrodden and maligned First Trust ISE Revere Natural Gas (ETF) (NYSE: FCG) is up 5.7 percent year-to-date. That is an especially performance showing when noting the United States Natural Gas Fund, LP (NYSE: UNG) is off nearly 19 percent and when recalling that FCG often lags its futures-based peer.
FCG holds 39 stocks, and in order for those companies to qualify for admission to the ISE-Revere Natural Gas Index (FCG's underlying benchmark), they must “derive a substantial portion of their revenues from the exploration and production of natural gas,” according to First Trust.
Honing In On FCG
Tumbling oil prices drained the financial positions of an array of mid- and small-cap shale producers, prompting scores of credit downgrades and sparking concerns over ...
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