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Products February 3, 2011
Teucrium Trading Unveils Commodity ETFs
Teucrium Trading is introducing two, single-commodity
exchange-traded products for the energy space.
Reported by Fred Schneyer
The Teucrium Natural Gas Fund (NYSE: NAGS) began trading on February 1 and the Teucrium WTI Crude Oil Fund (NYSE: CRUD) is expected to begin trading some time this month, pending final regulatory approval, according to the announcement.
Sal Gilbertie, President of Teucrium Trading, LLC, said the new funds have been designed to allow registered investment advisers (RIAs), pension funds, hedge funds, institutional and individual investors the opportunity to invest in single commodities through an easily traded, liquid and transparent New York Stock Exchange Arca-listed security.
“With global growth and the increasing stress emerging markets are putting on commodities as pervasive as corn, oil and gas, it’s clear that commodities have become a valid asset class, although until now, access to single commodities for most investors has been very limited,” Gilbertie said.
The funds will be managed by Gilbertie and Kelly Teevan.