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Sal Gilbertie From Precy Dumlao, Opalesque Asia:
Teucrium Trading, LLC, an issuer of single-commodity-focused next generation Exchange Traded Products, has launched three new single commodity ETPs for the agricultural space – Teucrium Soybean Fund, Teucrium Sugar Fund, Teucrium Wheat Fund to trade on the NYSE Arca and join the Teucrium Corn Fund, the first pure play agricultural fund in the U.S., the Teucrium Natural Gas Fund and the Teucrium WTI Crude Oil Fund.
Teucrium claims to be the first company to introduce a single agricultural commodity ETP.
The company's president Sal Gilbertie said in a statement, "As the global economy and populations in emerging market countries like China, India and Brazil continue to expand faster than developed countries, the demand for and use of corn, soybeans, sugar and wheat is extraordinary, presenting the opportunity for a great investment opportunity."
"Until now, there has not been an investment vehicle available to investors who want to invest directly or exclusively in soybeans, wheat or sugar without having to trade futures contracts, something better left to all but the most sophisticated and knowledgeable investors," he added.
The move to expand its agriculture commodities portfolio is in line with growing trends worldwide to move towards agriculture. The Abu Dhabi Investment Authority (ADIA), the world's largest sovereign wealth fund with assets...................... To view our full article Click here
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