Market Currents
Bell are ringing? Merging its fertilizer group into its metals and mining group, Bank of...
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Tuesday, February 19, 3:54 PM ETBell are ringing? Merging its fertilizer group into its metals and mining group, Bank of Montreal lays off 4 fertilizer investment bankers amidst weak activity in the resource sector. The Agribusiness ETF (MOO) has lagged the S&P 500 by 800 bps over the past year. Its largest fertilizer holding, POT has fared even worse, falling 10% Y/Y and lagging the broader market by 22%.
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