PAGG and VEGI both lean to the mega/large cap Agribusiness names as well, like MOO, but as its name suggests, CROP is structured as a small cap fund, with exposure on its top end to names including Nutreco N.V., Smithfield Foods, Nippon Meat Packers, Graincorp Limited, and Nisshin Seifun Group Inc. for example.
Dependent on the exact exposure to Agribusiness that the portfolio manager desires, it is clear that there are a number of ways currently to play the space. It is worth noting that all four of these funds are flirting with multi-year highs, and the newer funds in this space are likely hitting more radars as their live performance data continues to expand (PAGG debuted in 2008, CROP in 2011, VEGI in 2012).
IndexIQ Global Agribusiness Small Cap
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