New Oil ETF (CRUD) Debuts

Teucrium, the firm that debuted the only pure play corn ETF last year and recently added a natural gas fund, announced the launch of its third exchange-traded product today. The Teucrium WTI Crude Oil Fund (CRUD) offers exposure to futures contracts for WTI crude oil, also known as Texas Light Sweet Crude Oil, traded on the NYMEX. Unlike many of the ETFs in the Oil & Gas ETFdb Category, CRUD spreads exposure across multiple maturities, weighting holdings as follows: the nearest-to-spot June or December contract, weighted 35% the June or December contract following the aforementioned (1), weighted 30% the December contract that immediately follows the aforementioned (2), weighted 35% That structure is “designed to reduce the effects of contango and backwardation” according to Teucrium, which employs similar weighting strategies in its natural gas and corn funds. The most popular ETF offering exposure to WTI, the United States Oil Fund (USO), invests primarily in [...] Click here to read the original article on ETFdb.com. Related Posts: USO vs. BNO: Explaining The Big Gaps In Oil ETF Performance Commodity ETFs Get No Love From Investors ETFs To Watch As Egyptian Drama Plays Out Wednesday’s ETF To Watch: United States Oil Fund (USO) Five ETFs Heavily Dependent On China