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Pumping Out Commodity Funds

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Financial advisors interested in natural resources stocks now have another commodity ETF among their choices. The Thomson Reuters/Jeffries CRB Global Commodity Index Fund (CRBQ) from ALPS Funds has 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.

CRBQ is ALPS’ third ETF and the fund’s annual expense ratio is 0.65 percent.

In other news, United States Commodity Funds launched the United States Short Oil Fund (DNO). The product aims to provide inverse or opposite performance to the spot price of light, sweet crude oil delivered to Cushing, Okla. According to the prospectus, DNO’s annual expense ratio is 0.60 percent .