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Replies to post #23 on United States Gasoline Fund LP (UGA)
zsvq1p
03/30/12 12:56 PM
#24 RE: Riddell #23
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.