Articles Tagged with GAZ

iPath Bloomberg NaturalThe 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