Investors interested in natural resources stocks have another commodity ETF to choose from. The Thomson Reuters/Jeffries CRB Global Commodity Index Fund (CRBQ) from ALPS Funds has just debuted.
The fund's underlying index currently contains 145 commodity related stocks. Top holdings include Monsanto, Exxon Mobil and Potash. Companies within the index are market capitalization weighted and fund holdings are rebalanced quarterly.
The fund will compete with other commodity ETFs that employ a similar strategy, like the Market Vectors RVE Hard Assets Producers ETF (HAV). HAV was launched one year ago and has around $52 million in assets. Through the end of August, HAV gained 26.69 percent year-to-date.
CRBQ is ALPS third ETF and the fund's annual expense ratio is 0.65 percent. In related news, trading in the United States Short Oil Fund (DNO) began today. The product aims to provide inverse or opposite performance to the spot price of light, sweet crude oil delivered to Cushing, Oklahoma. According to the prospectus, DNO's annual expense ratio 0.60 percent.