Barclays iPath, begun trading a new Natural Gas ETN, the iPath Bloomberg Natural Gas Subindex Total Return ETN (NyseArca: GAZB), on Wednesday, March 8, 2017. Here is a synopsis of the new ETN:

 

FUND INFORMATION:

Symbol: GAZB	Exchange: NYSE ARCA
Name: iPath Bloomberg Natural Gas Subindex Total Return ETN	Net Expense Ratio: 0.45%

 

FUND OBJECTIVE:
The iPath Bloomberg Natural Gas Subindex Total Return ETN is designed to provide exposure to the Bloomberg Natural Gas Subindex Total Return.

REFERENCE INDEX:
The Bloomberg Natural Gas Subindex Total Return is designed to be a benchmark for natural gas as an asset class and is currently composed of one futures contract on the commodity of natural gas.
The Index is a sub-index of the Bloomberg Commodity Index Total Return (BCOM Index) and reflects the returns that are potentially available through:
(1) an unleveraged investment in the futures contracts comprising the Index, plus
(2) the rate of interest that could be earned on cash collateral invested in specified Treasury Bills.

 

 

Useful Links:
GAZB Home Page

 

 

 Category: Commodities> Energy> Natural Gas

 

 

ETFtrack Comment:
The New GAZB ETNs offers a similar exposure as the existing GAZ ETNs, but includes certain differences, including a reduced investor fee and an issuer redemption feature.
The ETNs are riskier than ordinary unsecured debt securities and have no principal protection. The ETNs are unsecured debt obligations of the issuer, Barclays Bank PLC, and are not, either directly or indirectly, an obligation of or guaranteed by any third party. An investment in the ETNs involves significant risks, including possible loss of principal, and may not be suitable for all investors.