Oil prices have been increasing this year, spurring investors to look for ways to hedge against inflationary pressures.
To that end, Van Eck Global introduced a new fund that targets the energy sector called the Market Vectors Unconventional Oil & Gas ETF (FRAK).
"Unconventional technologies — which include hydraulic fracturing, lateral or deep sea drilling, high pressure gas injection, and advanced 3D imaging — may have potential to transform the global energy landscape by dramatically increasing supply and altering import needs," states Van Eck. "New extraction techniques applied to traditional resources have led to significant, "game changing" increases in North America's natural gas supply capacity."
