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Alternative Market Briefing

Second generation ETFs address contango and backwardation – Teucrium launches 3rd ETP

Friday, February 25, 2011

Sal Gilbertie
From Kirsten Bischoff, Opalesque New York:

One of the firms bringing a second generation of Exchange Traded Product (ETP) funds to market, Teucrium Trading just announced the launch of its third fund, The Teucrium WTI Crude Oil Fund, which is listed on the NYSE as CRUD. The ETF joins the firm’s already launched CORN and NAGS (natural gas) funds.

ETFs have soared in popularity over the past few years. The largest ETF firm, BlackRock’s iShares dominates the market, but there is plenty of room for competition, as in just the past month (January 2010) the ETF industry saw over $10bn in net inflows (the type of numbers that the hedge fund industry used to see prior to the financial crisis).

For Teucrium, the focus is on providing single commodities ETPs to an investor population that wants to participate in the commodity growth expected to be driven by emerging markets growth. “Investors need a way to efficiently invest directly into commodities and we give them a way to do that trading a NYSE listed security which, in many ways investors would rather do than open a futures account,” Sal Gilbertie, Founder of Teucrium told Opalesque.

CORN, which was launched in June 2010 began with $5m under management and after 8 months of trading has reached over $70m in assets. “We launched CORN first, because there was no ETF dedicated only to corn and we saw an urgent need for that. We also decided that our approach to ......................

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