Last week, Jefferies Asset Management unveiled two new exchange-traded funds targeting equities of global commodity producers. The two funds, which track subsets of the Thomson Reuters/ Jefferies CRB In-The-Ground Global Commodity Index tracked by CRBQ, invest in companies across the globe that are involved in the extraction and production of commodities. CRBI seeks to track the Thomson Reuters/Jefferies CRB In-The-Ground Global Industrial Metals Equity Index, which focuses on companies that produce industrial metals such as aluminum and steel. Meanwhile CRBA tracks Thomson Reuters/Jefferies CRB In-The-Ground Global Agriculture Equity Index which follows companies that produce seeds, fertilizers and companies that assist in agricultural production. [click to continue…]
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