UNG - Funds Flow Into Closed Natural Gas ETF Month of July
US NAT GAS FD ETF
Rochester, NY 8/10/2009 01:34 PM GMT (TransWorldNews)
US NAT GAS FD ETF, UNG
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U.S. Natural Gas had the highest asset inflows of any ETF during the month of July, according to data published by Morningstar. UNG, which tracks a basket of futures and swaps to capture the price of natural gas, had an inflow of more than $1 billion, besting funds like PowerShares QQQ and SPDRs S&P 500.
This information will come somewhat as a surprise to investors who have been following the drama behind the scenes at UNG. On July 7 UNG was forced to halt creation of additional shares when the pre-approved number was exhausted. UNG initially lobbied to create 1 billion additional units to satisfy growing demand.
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