The Dow Jones-AIG Grains Sub-Index has been licenced to Horizons BetaPro Funds to underlie two leveraged commodity exchange-traded funds.
The Horizons BetaPro DJ-AIGSM Agricultural Grains Bull Plus ETF and Horizons BetaPro DJ-AIGSM Agricultural Bear Plus ETF have been launched on the Toronto Stock Exchange.
This is the first time the Dow Jones-AIG Grains Sub-Index will serve as the basis of Canadian ETFs.
“Commodities continue to be a popular choice among market participants seeking to gain exposure to alternative asset classes. Since the launch of the broadly diversified Dow Jones-AIG Commodity Index, weve expanded the lineup to include single commodity and sector indexes, which provide specific views of the commodity futures markets. The Dow Jones-AIG Grains Sub-Index is an ideal benchmark of the performance of the corn, soybeans and wheat futures markets,” says Michael A. Petronella, president, Dow Jones Indexes.