By Michael Johnston of ETF DatabaseRecent years have seen the launch of hundreds of new exchange-traded products, many of which offer increasingly granular exposure to various asset classes. The latest innovation comes in the commodity space, where Vermont-based Teucrium Trading filed with the Securities and Exchange Commission for an ETF that invests in Chicago Board of Trade corn futures. The Teucrium Corn Fund would hold a portfolio consisting of three separate corn futures contracts, including:
- Thirty-five percent in the second-to-expire CBOT corn futures contract
- Thirty percent in the third-to-expire CBOT corn futures contract
- Thirty-five percent in the corn futures contract expiring in the December following the expiration month of the third-to-expire contract.