(Source: Business Wire)

Jefferies today announced the Jefferies | TR/J CRB Global Commodity
Equity Index Fund, an equity-based exchange traded fund (ETF) that
tracks the overall performance of a commodity equity index. The ETF
trades on NYSE Arca, Inc. under the ticker symbol "CRBQ."
For more than 50 years, the Thomson Reuters / Jefferies CRB Index (the
"CRB Index") has served as a widely recognized measure of the global
commodity markets. Building upon the history and reputation of the CRB
Index, the new group of indices (the "CRB-EQ Indices") will offer
investors unique, simplified benchmarks for globally traded equities of
companies that are 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. The CRB-EQ Indices include a composite index on which the first
new ETF is based.
These new ETFs will seek investment results that replicate as closely as
possible the price and yield performance of the CRB-EQ Indices, before
fees and expenses.
Adam De Chiara, Co-President of Jefferies Asset Management, LLC, said,
"Unlike many futures-based commodity ETFs, potential new futures
regulation should not impact the ability of these ETFs to issue shares.
Additionally, there is no Schedule K-1 to file, and, since these ETFs
are not based on futures, they avoid the cost and complexity of
continually buying and selling expiring futures contracts. We believe
that the new ETFs will provide much-needed capitalization for expanding
global commodity production. That should be good for consumers, good for
producers and good for the global economy."
Art Hogan, Equity Product Manager and Chief Market Strategist at
Jefferies, further commented, "The introduction of this ETF is notable
on a number of levels. Not only is it the first investable equity
product for the CRB, it's also the first in a series of
commodity-related funds based on these new equity indices, and the first
ETF under the Jefferies brand."
ALPS Advisors, Inc. is the investment adviser for the new 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, fund
accounting, legal, marketing, tax administration, transfer agency and
shareholder services. S-Network Global Indexes, LLC is the index
provider for the CRB-EQ group of indices.