Commodity Online
LONDON: ETF Securities (ETFS) has informed that all its energy ETCs, and ETFs are trading normally without any disruption.

ETF Securities said in a statement that it has been inundated with investor calls enquiring whether energy ETCs issued by the firm have been affected by the suspensions of US energy ETFs UNG & USO.

To clarify all ETCs issued by ETFS continue to trade as normal and continue to create and redeem new units to demand.

ETFS Natural Gas (NGAS) is currently one of ETFS' most liquid ETCs with Assets under management in NGAS and ETFS Leveraged Natural Gas (LNGA) standing at $404mn on the 8th July 2009 and average daily traded volume for June 2009 standing at $20mn, making ETFS Natural Gas (NGAS) the third most traded ETC in June behind only Gold Bullion Securities (GBS) and ETFS Physical Gold (PHAU).
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Daniel Wills, Senior Analyst at ETF Securities commented: "News of sharp pull-backs in industry investment, against the backdrop of recovery in some other energy prices, is attracting significant investor interest in natural gas markets. Further recovery in global manufacturing activity, coupled with any signs of a tightening in gas inventories, could provide further support to investor demand ahead".