Teucrium Trading is branching out its exchange traded fund (ETF) 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, 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. [Agriculture ETFs Harvest Gains.]

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. [Corn ETF Hit Hard In Commodities Sell-Off.]

Tisha Guerrero contributed to this article.

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