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Global X Debuts Fertilizer ETF (SOIL)

By: ETFdb
Global X notched another ETF industry first on Thursday, debuting a fund that focuses on companies globally that are engaged in some aspect of the fertilizer industry. The Global X Fertilizers/Potash ETF (SOIL) seeks to replicate the Solactive Global Fertilizers/Potash Index, a benchmark that includes about 29 companies from both developed and emerging markets. U.S. stocks account for about 22% of the index underlying SOIL, followed by Israel (14%), Canada (12%), and Australia (9%). The largest individual allocations in the underlying benchmark go to Illinois-based fertilizer manufacturer CF Industries (5.3%), Norwegian fertilizer producer Yara International (5%), and Australian chemicals and explosives manufacturer Incitec Pivot Ltd. (4.9%). Case For Fertilizers Like many products in the Global X ETF lineup, SOIL is based on an investment theme related to increased consumption and ongoing urbanization in emerging markets. Fertilizers are materials that are capable of increasing yields of various crops by supplying nutrients [...] Click here to read the original article on ETFdb.com. Related Posts: Global X Debuts Global Food ETF (EATX) Agribusiness ETFs: Comparing All The Options Global X Joins Auto ETF Race IndexIQ Launches Global Agribusiness Small Cap ETF (CROP) Creative ETF Ideas To Hedge Against Global Unrest
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