“TAGS was designed as a fund of ETPs to allow investors to allocate investments in the four core agricultural commodities without having to rebalance their exposure themselves,” said Sal Gilbertie, Teucrium chief investment officer. “By using the fund of ETPs structure, we are not only providing investors with a greater degree of diversification, we are providing them with the same unique investment methodology used in each of the underlying Teucrium commodity funds. Investors now have a way to invest in a next-generation agricultural basket ETP that may be a better option than currently available alternatives.”
The new fund debuts as the annual USDA Prospective Plantings report will be due out on March 30, a focus for traders and investors.
“The supply and demand for corn and soybean has been at some of their highest, with the U.S. benefiting from strong exports. China has been stepping up its purchases of U.S. soybean along with corn. Weekly USDA export sales data continues to show strong numbers for corn and soybeans,” Emerging Money wrote on NASDAQ. [Agricultural Commodity ETF Launches]
Tisha Guerrero contributed to this article.