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ETF Chart of the Day: Ag Business


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 pweisbruch@streetonefinancial.com.

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