NEW YORK - One of the more talked about ETF filings over the past month has been a corn-focused ETF proposed by Teucrium Trading, an investment firm based in Brattleboro, VT.
The Teucrium Corn Fund will trade under the symbol CORN and track the performance of corn prices using a unique weighting technique that utilizes CBOT futures contracts as well as swaps. 35% of the fund's basket will be invested in second-to-expire contract, 30% of the fund will be weighted in the third-to-expire contract and the remaining 35% of the fund will be in the Dec. contract that follows the expiration of the third-to-expire contract.
The fund is expected to have a 1% expense ratio.
The fund is expected to have a 1% expense ratio.
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