BetaPro Management’s two new agricultural grains exchange-traded funds began trading Wednesday on the Toronto Stock Exchange.
The HBP Agricultural Grains Bull+ ETF offers twice the daily performance, while the HBP Agricultural Grains Bear+ ETF offers twice the inverse daily performance of the DJ-AIG Grains Sub-Index, comprised of soybeans, corn and wheat.
Those three commodities have all hit new record highs this year.
“The interest and demand for the agricultural grains asset class has been and continues to be a growing trend,” says Howard J. Atkinson, president of BetaPro.
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The ETFs are denominated in Canadian dollars, but offer exposure to returns expressed in U.S. dollars through currency hedging.
The company now has a portfolio of 18 exchange-traded fund products and it intends to develop and launch other ETFs this year.
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