Commodities are the thing these days. Another  provider is jumping into the exchange traded fund (ETF) commodity ring in an effort to grow and expand their recent fund lineup. ALPS Fund Services is a known mutual fund and ETF provider that is stepping up their current game. The company has filed papers with the Securities & Exchange Commission (SEC) for five new ETFs, all of which are focused on commodity-producing equities, reports Index Universe.

The new fund will focus on:

• Agricultural Producers ETF
• Energy Producers ETF
• Industrial Metals Producers ETF
• Precious Metals Producers ETF
• Commodity Producers Composite ETF

The five funds are to be passively managed and will include a global group of companies that garner half of their profits from the production and distribution of their commodities. The index is made up of 2,500 names, and are subject to certain liquidity and market cap minimums.

Most of the new ETFs already have established competition, from providers such as Van Eck. The existing fund in the ALPS lineup is Cohen & Steers Global Realty Majors (GRI).

For more commodity-related stories, check out our commodity ETF category.

Tags: Agriculture, Commodity ETFs, Energy, Industrial Metals, New ETFs, Precious Metals