The International Securities Exchange (ISE) has partnered with UBS to introduce two new exchange-traded notes (ETNs), ETF Express reports. The ETRACS Oil Futures Contango ETN and the ETRACS Natural Gas Futures Contango ETN have begun trading on NYSE Arca.
The offerings provide investors with exposure to futures-based calendar spread strategies in the oil and natural gas markets. The new funds will track the ISE Oil Futures Spread Index and the ISE Natural Gas Futures Spread Index, respectively.
Click here for the story from ETF Express.