iPath Debuts Seasonal Natural Gas ETN (DCNG)

iPath has introduced its Seasonal Natural Gas ETN (DCNG), giving investors yet another way to gain exposure to natural gas prices through exchange-traded products. The new ETN will be linked to the Barclays Capital Natural Gas Seasonal TR Index, a benchmark that is designed to reflect the returns that are potentially available by maintaining an unleveraged investment in a rolling position in Henry Hub Natural Gas futures contracts plus the rate of interest that could be earned on cash collateral invested in specified Treasury Bills. The index linked to the new ETN is composed of a single contract that expires in December and rolls annually. In October of each year the underlying index closes out the position in the current year contract and rolls into a natural gas futures contract expiring in December of the next year. Natural gas futures contracts are traded on the NYMEX, with contracts available monthly [...] Click here to read the original article on ETFdb.com. Related Posts: Ten Worst Performing ETFs Of 2010 UNG Springs A Leak February ETF Roundup: Launches, Filings, and Closures Teucrium Launches Natural Gas ETF (NAGS) Natural Gas ETFs: Seven Ways To Play