Another ETF just jumped into the market, as ALPS Funds launched their newest fund Monday. The Thomson Reuters/Jefferies CRB Global Commodity Equity Index Fund tracks a global index which deals specifically in energy, agricultural, and precious and raw metal companies.

The fund, which is sub-advised by Arrow Investment Advisors charges a 65-basis-point annual expense ratio. ALPS sees the ETF as an alternative to traditional futures-based commodity ETFs, and hopes to avoid concerns over the rising price of commodities by investing in commodity-production companies, rather than commodity features. Two other funds, the Van Eck Market Vectors - Hard Assets Producers ETF and the iShares North American Natural Resources Sector ETF, characteristically use the same strategy.

The fund is ALPS Advisors' third ETF, coming after the recently released Equal Sector ETF, which debuted in early July. The Cohen & Steers Global Real Estate ETF was ALPS' first in the fund type, but they sub-advise other exchange-traded funds for companies such as Forward Management and Emerging Global Advisors. 

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