Claymore Investments Inc. launched the Claymore Natural Gas Commodity ETF today on the TSX.

The ETF will track the performance of the NGX Canadian Natural Gas Index, providing individual investors with exposure to the Alberta natural gas market, said Claymore. The ETF provides non-leveraged exposure to the Alberta natural gas market, by investing in physical natural gas forward contracts.

The company calls the new ETF “the first and only ETF that invests directly in Canadian physical natural gas.”

It noted that it aims to provide this exposure without being directly involved in the exploration, operation, reserves, engineering and management risks associated with an investment in entities that explore for, produce and sell natural gas.

The ETF invests in physical natural gas forwards, with a dollar for dollar, or 1:1 ratio target between assets and natural gas exposure. The management fee is 80 bps.

“Natural gas is one of the most important energy commodities and is one of Canada’s great energy assets,” said Som Seif, president & CEO of Claymore Investments, Inc., in a release. “And this ETF will represent the first and currently only pure play product designed to give investors access to this great Canadian Natural Gas market, which we believe will have broad market appeal to both institutional and retail investors.”

Auspice Capital Advisors Ltd. will manage the day-to-day commodity exposure of the ETF while Claymore Investments Inc. is responsible for the administration and management.

With this launch, Claymore now has 17 ETF’s trading on the TSX.