After MOO and COW, a new agriculture ETF is launched: CROP

Joining the likes of COW and MOO, a new ETF was launched today: CROP (no kidding).

There are ETFs for about almost anything these days. This ETF is being offered by a company called IndexIQ.

The IQ Global Agribusiness Small Cap Index is float-adjusted market cap-weighted and includes global small cap companies engaged in the agribusiness sector, including crop production and farming, livestock operations, agricultural machinery, agricultural supplies and logistics, agricultural chemicals, and biofuels.

The expense ratio is 0.75%.

These are the sector allocations: