This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

IndexIQ To Ring The Opening Bell At The NYSE To Celebrate The Launch Of Crop

IndexIQ, a leading developer of index-based liquid alternative investment solutions, is scheduled to ring the Opening Bell SM at The New York Stock Exchange on April 25 th, it was announced today. The event will mark the March 22 nd launch of the IQ Global Agribusiness Small Cap ETF (Ticker: CROP) on the NYSE Arca platform.

“The global cupboard is not yet bare, but the competition for food resources is reaching a fever pitch as populations rise, shortages increase, and the demand for alternative fuels grows,” said Adam Patti, chief executive officer at IndexIQ. “Investors who want exposure to the fast-growing agribusiness sector have traditionally been limited to products that focus on large-cap companies. We believe that small capitalization companies are best positioned to translate global demand into significant potential growth.”

CROP is the first Exchange-Traded Fund (ETF) designed to provide dedicated exposure to global small capitalization companies engaged in the fast-growing agribusiness sector, including crop production and farming, food products machinery, livestock operations, and biofuels and alternative energy. It seeks to track, before fees and expenses, the performance of the IQ Global Agribusiness Small Cap Index (Bloomberg Index Ticker IQSMCROP).

CROP has come to market during a time of sustained, significant growth in global food prices. Just one month prior to the fund’s launch, food prices soared 3.9 percent, the biggest monthly increase since November 1974. Economists and other experts widely expect food prices to continue rising for the remainder of 2011, and the World Bank cites rising food prices as one of the major concerns currently facing the global economy.

Small-cap agribusiness is generally under-represented in investor portfolios, are typically faster growing than their large-cap brethren and, in many cases, are undervalued relative to mega-cap multi-national companies, according to IndexIQ. “This undervaluation leaves small-cap agribusiness firms attractively positioned for growth and as possible acquisition candidates by larger players,” said Patti. “With CROP, we believe we have created an efficient vehicle for gaining global exposure to these companies and this dynamic sector.”

1 of 4

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,915.07 -70.54 -0.42%
S&P 500 1,964.68 -8.15 -0.41%
NASDAQ 4,396.2040 -22.83 -0.52%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs