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    Teucrium WTI Crude Oil Fund: Another Way to Buy 12 Months of Oil Contango

    Thu, 02/24/2011 - 11:27 EDT - Seeking Alpha
    • CRUD
    • Ron Rowland
    • USL
    • USO

    Ron Rowland submits:On Wednesday Teucrium launched the Teucrium WTI Crude Oil Fund (CRUD), providing investors with unleveraged exposure to crude oil futures contracts. The fund’s objective is to reflect the daily percentage change in a benchmark consisting three varying West Texas Intermediate (Texas Light Sweet) crude oil contracts. The official description of CRUD’s investment objective:
    “…is to have the daily percentage changes of the Shares’ Net Asset Value (“NAV”) reflect the daily changes in percentage terms of a weighted average of the closing settlement prices for futures contracts for WTI crude oil, also known as Texas Light Sweet crude oil (“Oil Futures Contracts”) traded on the NYMEX, specifically, (1) the nearest to spot June or December WTI Oil Futures Contract, weighted 35%; (2) the June or December WTI Oil Futures Contract following the aforementioned (1), weighted 30%; and (3) the December WTI Oil Futures Contract that immediately follows the aforementioned (2),weighted 35%;Complete Story »

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