Jefferies Introduces Two New Commodity ETFs Focusing On Stocks

With all the negativity surrounding commodities ETFs and the CFTC's voracious desire to regulate these products, the ETF Professor took note of Jefferies' (NYSE: JEF) launched of two more commodities ETFs that focus on equities not futures and other risky fare. Jefferies introduced the Jefferies | TR/J CRB Global Commodity Equity Index Fund (NYSE: CRBQ) last month and is following that ETF up with the Jefferies | TR/J CRB Global Agriculture Equity Index Fund and the Jefferies | TR/J CRB Global Industrial Metals Equity Index Fund, which began trading today. Both funds will have a 0.65% expense ratio. The Agriculture Equity Index ETF focus on ag stocks like Monsanto (NYSE: MON) and Deere (NYSE: DE) and is most readily compared to the Market Vectors Agribusiness ETF (NYSE: MOO). The Metals ETF holds stocks like Vale (NYSE: VALE) and Freeport-McMoRan (NYSE: FCX) and is comparable to the iShares S&P Global Materials Index Fund (NYSE: MXI).