The PowerShares DB Agriculture Fund tries to reflect the performance of the Diversified Agriculture Index Excess Return, which is comprised of futures contracts on the most liquid and widely tracked agriculture commodities.
Investors are warming to PDBC as the ETF has hauled in nearly $182 million in new assets year-to-date, a total exceeded by just four other PowerShares ETFs.
PDBC currently features exposure to 14 commodities, four of which are agriculture products. Five are industrial or precious metals and the remainder are energy commodities.
PDBC tries to maximize potential roll yield returns but is structured as a 1940s Act Registered Investment Company, so investors would only have to fill out a form 1099.
For more news and strategy on the Agriculture market, visit our Agriculture category.