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This is due to contango.

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zsvq1p   Friday, 03/30/12 12:56:28 PM
Re: Riddell post# 23
Post # of 28 
This is due to contango.



Quote:
UGA's Objective

The investment objective of UGA is for the changes in percentage terms of the unit's net asset value to reflect the changes in percentage terms of the price of gasoline, as measured by the changes in the price of the futures contract on unleaded gasoline delivered to the New York harbor traded on the New York Mercantile Exchange that is the near month contract to expire, except when the near month contract is within two weeks of expiration, in which case it will be measured by the futures contract that is the next month contract to expire, less UGA's expenses.



It is very much like UCO...











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