Shares of the following agriculture-related exchange traded
funds are more than 15 percent higher than 90 days ago. Although
some of them have pulled back recently, many are still trading
within 10 percent of their 52-week highs.
Teucrium Corn (NYSE:
CORN
) is up more than 43 percent since mid-June on concerns about
supply and the drought. The fund seeks to replicate the daily
changes in percentage terms of a weighted average of the closing
settlement prices for three futures contracts for corn that are
traded on the CBOT. It may invest also in corn-based swap
agreements, short-term obligations of the U.S. government or cash
equivalents.
ELEMENTS MLCX Grains Index Total Return ETN (NYSE:
GRU
) is more than 34 percent higher than six months ago, despite
pulling back more than 3 percent from the recent 52-week high. The
investment seeks to replicate the MLCX Grains Total Return Index,
which is designed to reflect the performance of a fully
collateralized investment in the four exchange-traded futures
contracts on four physical commodities: corn, soybeans, soy meal
and wheat.
iPath Pure Beta Grains ETN (NYSE:
WEET
) has faced resistance at $56 per share for the past month, but the
stock is still up about 26 percent year-to-date. The investment
seeks to replicate the Barclays Capital Commodity Index Grains
& Oilseeds Pure Beta Total Return. The underlying index is
comprised of a basket of exchange traded futures contracts, and
uses an allocation methodology designed to mitigate the effects of
certain distortions in the commodity markets on such returns.
See also:
S&P Still Bullish on Health Care ETFs
iPath Dow Jones-UBS Grains Total Return Sub-Index ETN (NYSE:
JJG
) has pulled back about 4 percent from the recent 52-week high but
is still up about 36 percent since the beginning of the year. The
investment seeks results that correspond generally to the price and
yield performance of the Dow Jones-UBS Grains Total Return
Sub-Index. That index is composed of three futures contracts: corn,
soybeans and wheat.
iPath Pure Beta Agriculture ETN (
DIRT
), like others on this list, spiked in June and July but has pulled
back recently. The stock is up more than 23 percent year-to-date.
The investment seeks to replicate the returns of the Barclays
Capital Commodity Index Agriculture Pure Beta Total Return index,
which uses an allocation methodology designed to mitigate the
effects of certain distortions in the commodity markets on such
returns.
PowerShares Deutsche Bank Agriculture Long ETN (NYSE:
AGF
) is more than 22 percent higher than three months ago, although it
is trading in the same neighborhood as a year ago. The investment
seeks to replicate as closely as possible the price and yield
performance of the Deutsche Bank Liquid Commodity Index -- Optimum
Yield Agriculture. The index is composed of roughly equal
percentages of corn, wheat, soybean, and sugar futures
contracts.
See also:
Financial ETFs in Rally Mode
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