Some believe the recent bull run in agriculture will continue; Others believe that speculators have poured into the market, creating a bubble of historic proportion. Well, retail investors, it's time to put you money where your mouth is...
"In Canada, Toronto-based ETF purveyor BetaPro Management Inc. introduced two leveraged ETFs, the Horizons BetaPro DJ-AIG Agricultural Grains Bull Plus ETF (ticker: HAU) and the Horizons BetaPro DJ-AIG Agricultural Bear Plus ETF (ticker: HAD). Both new ETFs, which will be based on the DJ-AIG Grains Sub-Index, began trading on the Toronto Stock Exchange on Wednesday [March 12].
According to a release from BetaPro, the ETFs are designed to offer long or short exposure to the DJ-AIG sub-index, made up of soybeans, corn and wheat. The Bull Plus vehicle is designed to deliver twice the daily performance of the sub-index, whereas Bear Plus offers twice the inverse daily performance. Both ETFs are denominated in Canadian dollars, but offer exposure to returns expressed in U.S. dollars via currency hedging."
via Lipper
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