Launching Commodities and More

January 01, 2010 at 02:00 AM
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CRBA is benchmarked to the Thomson Reuters/Jefferies CRB In-The-Ground Global Agriculture Equity Index, which selects from a global universe of publicly traded companies engaged in the production and distribution of agricultural commodities and services. The sub-sectors include producers of seeds, traits (seed characteristics attained through genetic modification), chemicals and fertilizers, farm machinery, equipment and irrigation, agricultural products, livestock and aquaculture.

CRBI is linked to the Thomson Reuters/Jefferies CRB In-The-Ground Global Industrial Metals Equity Index, which follows global companies engaged in production and distribution of base and/or industrial metals and related products and services in the following sectors: aluminum, steel, uranium, and diversified metals and mining.

Both underlying indexes for the ETFs are modified market cap weighted and float adjusted. Index holdings are rebalanced quarterly and revised annually in June. Each of the TR/J ETFs charge annual expenses of 0.65 percent.

In other product news, two state focused ETFs are now trading. The TXF Large Companies ETF (TXF) invests in Texas based companies while the OOK Exchange Traded Fund (OOK) follows publicly traded companies that have their main place of business in Oklahoma. OOK Advisors is the manager for both funds.

Another new launch is the UBS E-TRACS Dow Jones-UBS Commodity Index Total Return ETN (DJCI). The notes are issued by UBS AG and are linked to the DJ-UBS Commodity Index Total Return.

The index is composed of the prices of 19 exchange-traded futures contracts on physical commodities. Its overall return is generated by the returns on futures contracts on physical commodities comprising the DJ-UBS Commodity Index; combined with returns corresponding to weekly announced rates for specified 3-month Treasuries.

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