The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding the iPath Bloomberg Natural Gas Subindex Total Return exchange-traded note (GAZ).
The iPath Bloomberg Natural Subindex Total Return ETN, according to ETF.com, is an exchange-traded note issued by Barclays that tracks “an index of front-month futures on natural gas, which is the exact same exposure provided by our benchmark. But GAZ is closed to creations, meaning the key plumbing that underpins all exchange-traded products—the create/redeem process—is broken. This situation isn’t new: GAZ has been closed for creations since 2009, and has traded at massive distortions to fair value at times. In short, proceed with extreme caution.” Continue Reading