Appleton Group's Founder Mark Scheffler discusses why he uses the Market Vectors Agribusiness ETF.
The Market Vectors Agribusiness ETF (NYSE Arca: MOO) is a monster. With $3.6 billion in net flows over the past 12 months, the ETF has helped define a growing segment of the market, offering investors skittish about commodities futures easier exposure to agriculture producers.
Something big is going on with MOO–it was last month’s most popular ETF, and it’s still raking in assets in June.
Separating the wheat from the chaff when it comes to choosing new ETFs takes a bit of homework.
IndexIQ rolled out a global agribusiness ETF on March 22 designed to tap into rising food prices and the alternative energy story through a small-cap security.