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BetaShares to launch Agriculture ETF


BetaShares Capital Limited (BetaShares) will expand the investment options for retail and institutional investors by launching three more commodity exchange traded funds (ETFs) on the Australian Securities Exchange (ASX) in the coming weeks with an Agriculture ETF to be listed on Friday 2 December.

BetaShares Agriculture ETF which will trade under the ASX code “QAG” will track the performance of the S&P GSCI Agriculture Enhanced Select Index comprising the four major commodities in the agricultural sector: corn, wheat, soybeans and sugar.

Two further BetaShares Commodity ETFs, to be listed on the ASX in the near future, will aim to provide exposure to the performance of copper and a diversified commodities basket, being the BetaShares Copper Index ETF (ASX code: QCP) and the BetaShares Commodities Basket ETF (ASX Code: QCB).

The Copper Index ETF tracks the performance of the S&P GSCI North American Copper Index, while the Commodities Basket ETF tracks the performance of the S&P Light Energy Index – a diversified Index providing exposure to 24 commodities consisting of energy, metals, agriculture and livestock.

Drew Corbett (pictured), Head of Investment Strategy at BetaShares, says: “The new commodity ETFs will widen the product choice for investors, delivering a simple solution to an asset class traditionally difficult to access. The ETFs are currency hedged to substantially remove the impact of AUD/ USD currency fluctuations.”

BetaShares Commodity ETFs provide investors with simple exposure to commodities and provide the flexibility to buy and sell ETF units on the ASX in the same way as a normal share. The new funds will further develop BetaShares’ commodities suite after launching Australia’s first crude oil ETF earlier this month and the first currency hedged gold bullion ETF in May.

“In just over 12 month, BetaShares will have launched 10 ETFs on the ASX, a testimony to the achievement of our goal expanding product choice for local investors and making accessible previously difficult to access asset classes or indices,” says Corbett.

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