(BUSINESS WIRE)–Jefferies today announced that options on the Jefferies TR/J CRB Global Commodity Equity Index Fund (NYSE: CRBQ) began trading last week on NYSE Amex under the symbol (QVE).
The composite-tracking Jefferies TR/J CRB Global Commodity Equity Index Fund is an ETF product based on the CRB-EQ series of indices which seeks investment results that replicate, as closely as possible, before fees and expenses, the price and yield performance of the Thomson Reuters / Jefferies CRB In-The-Ground Global Commodity Equity Index. Building upon the 50-plus-year history of the Thomson Reuters / Jefferies CRB Index (“the CRB Index”), the CRB-EQ group of indices offers investors access to benchmarks for globally traded equities of companies principally engaged in the production and distribution of commodities and commodity-related products and services in the agriculture, industrial metals, energy and precious metals sectors.
As of November 6, 2009, there were 1.35 million newly created CRBQ shares with average daily trading volume since inception of approximately 72,000 shares.
Jefferies, a major global securities and investment banking group, has served companies and their investors for more than 45 years. Headquartered in New York City, with offices in more than 25 cities around the world, Jefferies provides clients with capital markets and financial advisory services, institutional brokerage, securities research and asset management. Jefferies & Company, Inc. is the principal operating subsidiary of Jefferies Group, Inc. (NYSE: JEF: www.jefferies.com). For more information about these ETFs, please visit www.jamfunds.com.
About Thomson Reuters
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Options are not suitable for all investors
Investors should consider the following risk factors and special considerations associated with investing in the ETF, which may cause you to lose money. The ETF is considered non-diversified and can invest a greater portion of assets in securities of individual issuers than a diversified ETF. As a result, changes in the market value of a single investment could cause greater fluctuations in share price than would occur in a diversified ETF. A principal risk of investing in the ETF is equity risk, which is the risk that the value of the securities held by the ETF will fall due to general market and economic conditions, perceptions regarding the industries in which the issuers of securities held by the ETF participates or factors relating to specific companies in which the ETF invests. The ETF’s investment in non-U.S. issuers involves unique risks compared to investing in securities of U.S. issuers, including, among others, greater market volatility than U.S. securities and less complete financial information than for U.S. issuers. In addition, adverse political, economic or social developments could undermine the value of ETF’s investments or prevent the ETF from realizing the full value of its investments. The ETF is new and has a limited operating history. The CRB-EQ Indices measure the performance of equity securities of companies engaged in the production and distribution of commodities and commodity-related products. The CRB-EQ Indices do not measure the performance of direct investment in the underlying commodities and, therefore, may not move in the same direction and to the same extent as the underlying commodities. See the section “Additional Risks” in the prospectus for additional risk factors.
ALPS Advisors, Inc. is the investment adviser for the ETF, and Arrow Investment Advisors, LLC is the investment sub-adviser. ALPS Distributors, Inc. is the distributor of the ETF. ALPS Fund Services, Inc. will provide administration, compliance, creative services, legal, marketing and tax administration. S-Network Global Indexes, LLC is the index provider for the CRB-EQ group of indices. Jefferies and Thomson Reuters are brand licensors for the CRB-EQ indices and for the ETF. S-Network Global Indexes, LLC is the Index Provider. The Index Provider is not affiliated with the ETF Trust, the Investment Adviser, the Sub-Adviser or the Distributor. The Index Provider is the designer of the construction and methodology for each underlying index and owns the service mark or trademark “In-the-Ground.” “Thomson,” “Thomson Reuters,” “Reuters” and “CRB” are service marks or trademarks of Reuters America LLC, a Thomson Reuters company, or its affiliates (“Thomson Reuters”). “Jefferies” is a service mark or trademark of Jefferies Financial Products, LLC or its affiliates (“Jefferies”). Neither Thomson Reuters nor Jefferies is responsible for the descriptions of the underlying indices or ETFs that appear herein. Thomson Reuters and Jefferies are not affiliated with the Index Provider, the Trust, the Investment Adviser, the Sub-Adviser or the Distributor.
Shares are not individually redeemable and owners of the Shares may acquire those shares from the ETF and tender those shares for redemption to the ETF in Creation Units only, typically consisting of aggregations of 50,000 shares.
An investor should consider the ETF’s investment objectives, risks, charges and expenses carefully before investing. The prospectus contains this and other information about the ETF. For more complete information about the ETF or to obtain a prospectus, call 1-866-675-2639 or 1-877-526-9298 or visit www.alpsetfs.com. Please read the prospectus carefully before investing.