Natural-Gas ETN Risk Resembles Fallen VIX Note: Chart of the Day
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An exchange-traded note tied to natural-gas prices is vulnerable to the kind of losses that occurred last week in an ETN tracking U.S. stock volatility.
The CHART OF THE DAY compares the percentage gap between market prices and asset values for the notes. The natural-gas ETN is part of Barclays Plc’s iPath series, and the other note comes from Credit Suisse AG.