Despite an impressive rally from its early September lows, the largest Agribusiness focused ETF MOO (Market Vectors Agribusiness, Expense Ratio 0.53%) has still net lost assets year to date, with the fund seeing approximately $982 million vacate the fund thus far in 2013.
The ETF maintains an impressive asset base however of $4.74 billion and remains the largest fund in the space by a wide margin (PAGG, PowerShares Global Agriculture Portfolio, Expense Ratio 0.75% is the
second largest with $92 million in AUM).
Two other offerings also exist here, VEGI (iShares MSCI Global Agriculture Producers, Expense Ratio 0.39%) and CROP (IQ Global Agribusiness Small Cap, Expense Ratio 0.75%) which have $42.7
and $37.5 million in assets under management respectively.
Fund methodologies here differ from fund to fund, as MOO for instance has its highest weightings toward Basic Materials (51.58%) and Consumer Staples (27.34%) with top three
holdings at the moment being MON (8.12%), SYT (7.53%), and DE (7.05%).
PAGG on the other hand is most heavily invested in ADM (8.52%), but has sizable exposure to MON (7.89%) like MOO does. MON is also the top holding in VEGI (13.87%). CROP, unlike the other funds in this space and as its name suggests has a Small-Cap orientation, and top holdings to stocks that are not necessarily household names such as NUO (7.29%), TTC (6.35%), and Glanbia PLC (5.75%).
Market Vectors Agribusiness ETF
For more information on Street One ETF research and ETF trade execution/liquidity services, contact Paul Weisbruch at firstname.lastname@example.org.
Street One Financial is an educational/research firm utilizing the Broker Dealer services of GWM Group Inc (RLCC) a FINRA registered Broker/Dealer. All trades are executed through GWM Group (RLCC) and cleared by Fidelity (NFS)DTC number 0226. Street One Financial LLC makes available products and services offered by GWM Group Inc., a registered broker-dealer and Member Securities Investor Protection Corporation (SIPC), Investing in securities involves risks, and there is always the potential of losing money when you invest in securities.
- Expense Ratio