Bringing you live news and features since 2006 

Jefferies launches two ETFs based on Thomson Reuters/Jefferies CRB-EQ


Jefferies has launched two additional exchange-traded funds based on the newly launched Thomson Reuters/Jefferies CRB-EQ series of indices.

Both the Jefferies TR/J CRB Global Agriculture Equity Index Fund and the Jefferies TR/J CRB Global Industrial Metals Equity Index Fund began trading on NYSE Arca on 27 October 2009.

Building upon the 50-year history of the Thomson Reuters/Jefferies CRB Index, the CRB-EQ group of indices offers investors access to benchmarks for globally traded equities of companies principally engaged in the production and distribution of commodities and commodity-related products and services in the agriculture, industrial metals, energy and precious metals sectors.

Last month, Jefferies launched the composite-tracking Jefferies TR/J CRB Global Commodity Equity Index Fund, the first ETF product based on the CRB-EQ series of indices. As of 26 October 2009, there were 1.35 million newly created CRBQ shares with average daily trading volume since inception of approximately 78,000 shares.

“Commodity investing need not be one dimensional,” says Adam De Chiara, co-president of Jefferies Asset Management. “At times, commodity equities may outperform futures and vice versa. At times, certain commodity sectors may present more favorable investment opportunities. Just as investors look to commodities to diversify their overall portfolios, they can now diversify commodity exposure itself by utilizing a multi-tiered approach that includes the CRB-EQ family of products.”

The Jefferies TR/J CRB Global Agriculture Equity Index Fund provides exposure to the equity securities of a global universe of listed companies engaged in the production and distribution of agricultural products, including grains, livestock, fertilizers, chemicals, seeds, traits (seed characteristics attained through genetic modification) and equipment.

The Jefferies TR/J CRB Global Industrial Metals Equity Index Fund offers investors access to equities of companies across the globe engaged in the production and distribution of base/industrial metals and base/industrial metal products, including copper, aluminum, iron ore, steel, nickel and others.

Both ETFs will seek investment results that replicate as closely as possible the price and yield performance of their corresponding CRB-EQ indices, before fees and expenses.

Alps Advisors is the investment adviser for the new ETFs, and Arrow Investment Advisors is the investment sub-adviser.

Latest News

Amundi’s ETF Market Flows Analysis for May finds that global ETF inflows were EUR105.1 billion with US-domiciled equity funds accounting..
MerQube has announced the appointment of Dave Mueller as Chief Financial Officer. Mueller brings 17 years experience operating in corporate..
Northern Trust Asset Management (NTAM), has announced that David Abner is joining as Head of Global ETFs and Funds...
Nvidia’s market cap surge to more than USD3 trillion making it the second most valuable company in the world almost..

Related Articles

CN Tower, Toronto
The winners were announced in the second ETF Express Canadian awards at the event held at The Quay in Toronto,...
Darren Johnson, Komainu
Custody specialist, Komainu, was launched in 2018 as a joint venture between Nomura, digital-asset investment manager, CoinShares and blockchain business,...
Stuart Chaussee
In January this year, global data and business intelligence platform, Statista reported that there are now more than 8000 ETFs...
Ethereum coin
Last week saw Australia launch spot bitcoin ETFs, with Matteo Greco, Research Analyst at Fineqia International, writing that Monochrome Asset...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by