Agribusiness ETF (MOO)

[LCrigger]

The Future of Agribusiness Isn't Golden... And That's A Good Thing
By Brad Zigler

Just pointing out Brad Zigler's latest over at Hard Assets Investor. From the article (excerpt):

""Good as gold" is a phrase that's meant to assure the listener of an item's intrinsic worth. Lately, you wouldn't have used that idiom to describe agribusiness. No, you'd have to say that agribusiness is actually better than gold.

Agribusiness, represented by the Market Vectors Agribusiness ETF (NYSE Arca: MOO), has been outperforming the bullion-holding SPDR Gold Shares Trust (NYSE Arca: GLD) since late February. The Market Vectors portfolio tracks 44 global firms making up the DAXglobal Agribusiness Index. Index constituents include companies producing agricultural chemicals and farm equipment, livestock operations and biofuels manufacturers. The index roster is populated with large-capitalization issues such as Potash Corp. of Saskatchewan (NYSE: POT), Archer Daniels Midland Co. (NYSE: ADM) and Komatsu Ltd. (Pink Sheets: KMTUF) as well as smaller outfits including Maple Leaf Foods, Inc. (Pink Sheets: MLFNF) and The Andersons, Inc. (Nasdaq: ANDE).

Year-to-date, the agribusiness ETF has gained 10.3% compared with a barely perceptible 0.9% inching up in the gold trust's price."

The full article's available here: http://www.hardassetsinvestor.com/component/content/article/3/1548-a-good-thing-agribusiness-future-isnt-golden.html?Itemid=39