IndexIQ Launches Global Agribusiness Small Cap ETF (CROP)

IndexIQ, the ETF issuer best known for its lineup of hedge fund replication and county-specific small cap ETFs, announced the launch of a new fund today targeting an increasingly popular and relevant corner of the global equity market. The Global Agribusiness Small Cap ETF (CROP) will track the IQ Global Agribusiness Small Cap Index, a benchmark that provides exposure to global small cap companies engaged in the agribusiness sector, including crop production and farming, livestock operations, agricultural supplies & logistics, agricultural machinery, agricultural chemicals, and biofuels. This new fund will hold about 50 securities in total, spreading exposure across both U.S. and international companies. At launch, the fund looks to be tilted towards companies that are in the crop production & farming segment (30% of holdings), followed by agricultural supplies and logistics (23%). Agricultural machinery and livestock operation firms also make up double digit weightings, while biofuels and agricultural chemicals [...] Click here to read the original article on ETFdb.com. Related Posts: Ultimate Guide To Agricultural ETFs: Agriculture ETF Investing 101 Creative ETF Ideas To Hedge Against Global Unrest Understanding The Corn ETF’s Huge Premium Corn ETF Continues Mind-Boggling Rally Three ETFs George Soros Might Like