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Portfolio > Alternative Investments

Agriculture ETP Launched

By Ron DeLegge

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The United States Commodity Index Funds Trust introduced an exchange-traded product tracking agricultural commodities. The United States Agriculture Index Fund (USAG) tracks a fully collateralized portfolio of 14 agriculture contracts: six grains, five softs and three livestock contracts. The weighting of each contract is adjusted monthly in order to deliver the highest exposure to those contacts that have the lowest inventory.

USAG is linked to the SummerHaven Dynamic Agriculture Index, which is comprised of 14 eligible agriculture futures contracts that are selected on a monthly basis based on quantitative formulas developed by SummerHaven Indexing. The relative weighting of the Benchmark Component Agriculture Futures Contracts will change on a monthly basis. USAG’s annual expenses are 0.95%.

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