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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (119101)	8/12/2009 1:17:26 PM
From: Pogeu Mahone	Read Replies (1) of 132070

BOSTON (MarketWatch) -- U.S. Natural Gas Fund , a controversial exchange-traded fund indexed to natural-gas futures, said although it received regulatory clearance to register an additional 1 billion shares, the ETF's management has decided the fund won't resume issuing shares for now, according to a filing Wednesday. In explaining the move, management cited "current and anticipated new regulatory restrictions and limitations that have been and may be imposed by the Commodity Futures Trading Commission" and commodity exchanges. The ETF has seen its assets surge to more than $4 billion, fueling speculation the fund is pushing natural-gas prices higher. The fund grew so fast that earlier this summer it was forced to halt the creation of new shares while it waited for regulatory approval to increase the number of shares outstanding.

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