FRAK: Conventional ETF Access to Unconventional Oil & Gas

Van Eck Global, the firm behind the Market Vectors brand of focused ETFs, unveiled the Market Vectors Unconventional Oil & Gas ETF (FRAK) on 2/15/12.  The underlying rules-based index targets companies expected to generate at least 50% of revenues from the unconventional oil and gas segment defined as: coalbed methane, coal seam gas, shale oil, shale gas, tight natural gas, tight oil, and tight sands. For those of you not familiar with this corner of the energy sector, Van Eck provides an excellent educational piece Industry Spotlight: Unconventional Oil & Gas (pdf) that will quickly bring you up to speed.  The country breakdown indicates an industry dominated by North American companies with the US at 71.2%, Canada 28.5%, and . . . → Read More: FRAK: Conventional ETF Access to Unconventional Oil & Gas