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Being long UNG for the past year cost you dearly if did not understand what you owned
2/19/2013 11:30:00 AM
By: Emerging Money
Garbage Trade: United States Natural Gas Fund ( UNG , quote ) ETF. Being long natural gas through UNG for the last year meant you lost 17% while underlying generic natural gas contract was +23%. Do people know what they own?
Checkout " What to beware of when trading commodity ETFs " to understand the pitfalls of owning the United States Natural Gas Fund ETF UNG.