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Jefferies launches Wildcatters exploration and production ETF


Jefferies has launched an exchange-traded fund which seeks to replicate the price and yield performance of the recently launched Thomson Reuters/Jefferies CRB Wildcatters Energy E&P Equity Index.

The Jefferies TR/J CRB Wildcatters Exploration & Production ETF has begun trading on NYSE Arca.

Building upon the 50-plus 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.

The CRB WCAT Index, which follows the introduction of the CRB-EQ indices, also provides a benchmark for the equities of commodity-related companies, but in particular provides exposure to stocks of oil and gas exploration and production companies based in the US and Canada. These companies are largely underrepresented in major stock market and energy sector indices.

Approximately two-thirds of the proved reserves of the Wildcatters Index are natural gas, an energy source that produces roughly 50 per cent fewer greenhouse gas emissions than coal or oil.

"An investment in natural gas is an investment in the future of American energy independence," says Adam De Chiara, co-president of Jefferies Asset Management. "The Wildcatters index provides exposure to a corner of the market to which most investors are underexposed, with minimal duplication of holdings. At the same time, the components of the index are companies that are small enough to benefit from possible changes in drilling restrictions and from expansion of natural gas infrastructure.”

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

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