There is a new ETF out that is focused on the very hot Agribusiness market. Since its debut on Sept. 5 MOO is up nearly 16% and volumes are starting to rise. Agriculture commodities are hot as are the suppliers (equipment makers, fertilizer, seeds, etc). Chinese and world demand are key drivers.MOO would make for an excellent sector investment over a longer time horizon. While these stocks have run up a LOT since the beginning of the year, perhaps waiting for a pull back might be in order.
MOO holdings:
| As of August 31, 2007 | % of net assets |
| POTASH CORP. POC | 8.88% |
| DEERE CO. DCO | 8.69% |
| KOMATSU LTD KOM1 | 8.48% |
| MONSANTO CO. MOO | 8.35% |
| ARCHER-DANIELS-MIDLD ADM | 7.58% |
| BUNGE LTD. BU3 | 4.82% |
| THE MOSAIC CO. FBO | 4.72% |
| SYNGENTA AG SVJA | 4.36% |
| CNH GLOBAL NV NHL | 4.35% |
| ASSOC. BR. FOODS LS AFO1 | 4.07% |
| IOI CORP. BHD IOI | 3.82% |
| YARA INTERNATIONAL IU2 | 3.51% |
| WILMAR INTL LTD. RTHA | 3.44% |
| TYSON FOODS INC TF7A | 2.69% |
| AGRIUM INC. AGU | 2.65% |
| TIGER BRANDS NEW UG5A | 1.96% |
| SMITHFIELD FOODS SF3 | 1.91% |
| AGCO CORP. AGJ | 1.72% |
| CF INDS HLDGS C4F | 1.53% |
| CORN PRODS INTL CNP | 1.46% |
| OLAM INTL LTD O5I | 1.34% |
| PILGRIMS PRIDE PPF | 1.18% |
| TERRA INDS INC. TIY | 1.05% |
| SASKAT. WHEAT POOL S9O | 0.95% |
| CHINA AGRI INDS HLD. IHA | 0.90% |
| TRACTOR SUPPLY TR4 | 0.83% |
| GRUMA SAB DE CV GRUMAB | 0.75% |
| UAP HOLDING CORP. UFZ | 0.67% |
| ABB GRAIN LTD. AY9 | 0.44% |
| VERASUN ENERGY JUC | 0.43% |
| ANDERSONS INC.,THE AKG | 0.37% |
| AWB LTD. AWGB | 0.37% |
| PINE AGRITECH LTD PAG | 0.34% |
| DARLING INTL INC. DAR | 0.30% |
| AVENT.RENEW.ENERGY WVB1 | 0.26% |
| LINDSAY CORP. LMF | 0.21% |
| CRESUD SA COM. IND. CD8 | 0.20% |
| PACIFIC ETHANOL FPRA | 0.20% |
| GEHL CO. GE1 | 0.13% |
| MGP INGREDIENTS INC. MG4 | 0.10% |
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