Teucrium Trading is branching out its exchange traded fund lineup to compete within the broad-based agriculture category. The latest fund will invest in four of the firm’s single commodity ETFs already trading:
- Teucrium Corn Fund (NYSEArca: CORN)
- Teucrium Wheat Fund (NYSEArca: WEAT)
- Teucrium Soybean Fund (NYSEArca: SOYB)
- Teucrium Sugar Fund (NYSEArca: CANE)
Together, these funds will create the Teucrium Agricultural Fund (NYSEARCA:TAGS), which will be evenly invested in the aforementioned. Oliver Ludwig for Index Universe reports that the ETF will be rebalanced daily to ensure it always has about 25 % of its assets within each fund.
The will be in direct competition with PowerShares DB Agriculture Fund (NYSEArca: DBA), which has about $4 billion in assets and is up over 40% over the past two years, says Ludwig.
Tisha Guerrero contributed to this article.