Teucrium Trading, LLC, the Sponsor of agricultural futures-based ETFs, announced that the Teucrium AiLA Long-Short Agriculture Strategy ETF will begin trading on the New York Stock Exchange under the ticker OAIA. The Fund seeks to track the AiLA-S033 index, a strategy holding both long and short positions in agricultural futures contracts listed on the Chicago Mercantile Exchange (CME) and the Intercontinental Exchange (ICE).
“We are excited to partner with a top-tier technology and data analytics firm in OPALai, and to launch the Teucrium AiLA Long-Short Agriculture Strategy ETF”
OAIA allows investors to access a sophisticated, long-short strategy through a passively managed, liquid, and tax efficient fund. The AiLA-S033 index has a strong track record dating back to 2017, with an annualized return of 18.77% through 2021, and 20.43% YTD (as of 12/19/2022). The Index has historically posted positive returns through commodity, stock, and bond market downturns. Note, however, that past performance does not guarantee future results.
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“Given recent volatility in financial markets, we believe that now is an opportune time for investors to consider diversifying their portfolios with market-neutral, long-short strategies,” said Sal Gilbertie, CEO of Teucrium. “OAIA is a unique opportunity for investors to access an agricultural hedge fund-like strategy through an exchange-traded, and relatively low-cost offering.”
The Fund will hold both long and short positions in agricultural futures contracts, including corn, wheat, soybeans, soybean products, sugar, cotton, coffee, and cocoa, according to the AiLA-S033 index. The Index is powered by OPALai’s AI-driven technology and data analytics.
“We are excited to partner with a top-tier technology and data analytics firm in OPALai, and to launch the Teucrium AiLA Long-Short Agriculture Strategy ETF,” said Jake Hanley, Managing Director and Senior Portfolio Strategist at Teucrium. “We believe OAIA stands to benefit from both Teucrium’s wealth of experience trading commodity futures and OPALai’s cutting-edge technology and quantitative approach to index design.” Note that an investment cannot be made directly into an index and unlike funds, indexes do not carry fees, expenses, or taxes.
SOURCE: Businesswire