FYI: Friday, Dec. 22, saw Barclays announce the delisting of the iPath Bloomberg Natural Gas Subindex Total Return ETN (GAZ) from the NYSE Arca. The ETN has been closed to creations since 2009.
The problem with GAZ, one of the first ETNs, is that it is not callable. The product, which once was approaching $200 million in assets under management, originally halted creations on concerns about the U.S. Commodity Futures Trading Commission imposing position limits. It never restarted them and fell into a zombie state.
Regards,
Ted
http://www.etf.com/sections/daily-etf-watch/barclays-etn-put-out-its-misery
