New Fracking ETF Looks Past the Backlash

Despite a gathering storm of environmental concerns over the use of extreme hydraulic drilling techniques, or ‘fracking’, Van Eck Global recently launched the first U.S.-listed exchange-traded frack fund. FRAK offers “pure-play exposure” to companies such as Chesapeake Energy Corp., Devon Energy Corp., Eog Resources, Noble Energy, and Occidental Petroleum Corp., all of which use these unconventional methods to tap methane, oil and natural gas.