BNY Mellon provides securities lending to Teucrium funds
27 September 2011 New York
Image: Shutterstock
BNY Mellon Asset Servicing has been selected to provide exchange-traded fund (ETF) services, fund accounting, fund administration, global custody, securities lending and transfer agency services for three Teucrium commodity funds*: The Teucrium Soybean Fund (NYSE: SOYB), The Teucrium Sugar Fund (NYSE: CANE), and The Teucrium Wheat Fund (NYSE: WEAT).
The Teucrium funds are designed to provide investors with the opportunity to invest directly in soybeans, wheat or sugar without having to trade futures contracts.
"We have extended our relationship with BNY Mellon, which now provides ETF services to six of our funds," said Sal Gilbertie, president of Teucrium Trading LLC. "As an ETF service provider, BNY Mellon has proven its ability to provide the sophisticated services required for increasingly complex products such as those based on commodities."
"The ETF business has been rapidly evolving to provide investors with an increasing array of investment opportunities, such as the ability to invest in a broad range of commodities," said Joseph Keenan, managing director and global head of exchange-traded fund services at BNY Mellon Asset Servicing. "We will continue to enhance our industry leading capabilities so we can provide the services that these innovative and diverse funds require for success."
The Teucrium funds are designed to provide investors with the opportunity to invest directly in soybeans, wheat or sugar without having to trade futures contracts.
"We have extended our relationship with BNY Mellon, which now provides ETF services to six of our funds," said Sal Gilbertie, president of Teucrium Trading LLC. "As an ETF service provider, BNY Mellon has proven its ability to provide the sophisticated services required for increasingly complex products such as those based on commodities."
"The ETF business has been rapidly evolving to provide investors with an increasing array of investment opportunities, such as the ability to invest in a broad range of commodities," said Joseph Keenan, managing director and global head of exchange-traded fund services at BNY Mellon Asset Servicing. "We will continue to enhance our industry leading capabilities so we can provide the services that these innovative and diverse funds require for success."
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