netrashetty
Netra Shetty
Global Insight is the world's largest economics organization, serving over 3,800 clients in industry, finance and government worldwide, with revenues of over $95 million (in 2006) and employing more than 600 economists and other staff in 23 offices in 13 countries.[1] It is a division of IHS
Global Insight provides comprehensive economic and financial information on countries, regions and industries, using a unique combination of expertise, macroeconomic models, data and software within a common analytical framework to support planning and decision-making. The company also provides consulting and advisory services, with deep knowledge of many industries, such as automotive, energy, health, construction, consumer goods, etc.
The PowerShares Global Agriculture Portfolio (Fund) is based on the NASDAQ OMX Global Agriculture IndexSM (Index). The Fund will normally invest at least 90% of its total assets in securities that comprise the Index and ADRs and GDRs based on the securities in the Index. The Index is designed to measure the overall performance of globally traded securities of the largest and most liquid companies involved in agriculture and farming-related activities. The Index is rebalanced quarterly using a modified, market-cap-weighted methodology. [1]
Fund Information
Fund Manager - Invesco Powershares
Inception Date - 09/18/2008
Exchange – NASDAQ Exchange
Index Ticker - PAGG
Intra-day NAV Ticker – PAGG.IV
Expense Ratio - 0.75%
Top Holdings
Holdings % of Portfolio
Potash Corp. of Saskatchewan Inc. 8.27%
Syngenta AG 7.82%
Mosaic Co. 7.66%
Wilmar International Ltd. 7.59%
Monsanto Co. 6.42%
ICL-Israel Chemicals Ltd. 4.27%
Archer Daniels Midland Co. 3.95%
IOI Corp. Bhd 3.92%
Yara International ASA 3.86%
Sociedad Quimica y Minera de Chile S.A. 3.81%
Other ETFs that track the Agriculture Sector Category
Contents
1 Overview
2 Fund Information
3 Top Holdings
4 Other ETFs that track the Agriculture Sector Category
5 References
ETF Name Fund Manager Expense Ratio
Global Agriculture Portfolio ETF (PAGG) Invesco PowerShares 0.75%
Market Vectors Agribusiness ETF (MOO) Van Eck Funds 0.59%
PowerShares DB Agriculture Double Long ETN (DAG) DB Commodity Services 0.60%
PowerShares DB Agriculture Double Short ETN (AGA) DB Commodity Services 0.60%
PowerShares DB Agriculture Short ETN (ADZ) DB Commodity Services 0.60%
Claymore Global Agriculture ETF (COW-TSX)listed on the Canadian TSX stock exchange Claymore Investments, Inc. 0.65%
ETFS Leveraged Agriculture ETF (LAGR-LSE)listed on the British London Stock Exchange ETF Securities 0.98%
ETFS Leveraged Grains ETF (LGRA-LSE)listed on the British London Stock Exchange ETF Securities 0.98%
ETFS Short Agriculture ETF (SAGR-LSE)listed on the British London Stock Exchange ETF Securities 0.98%
ETFS Short Grains ETF (SGRA-LSE)listed on the British London Stock Exchange ETF Securities 0.98%
Dow Jones-AIG Agriculture Total Return ETN (JJA) Commodity Shares 0.75%
Dow Jones-AIG Grains Total Return ETN (JJG) Commodity Shares 0.75%
E-TRACS CMCI Agriculture ETN (UAG) UBS E-Tracs 0.65%
ELEMENTS MLCX Grains Index ETN (GRU) Elements Exchange Traded Notes 0.75%
PowerShares DB Agriculture Double Long ETN (DAG) DB Commodity Services 0.50%
PowerShares DB Agriculture Double Short ETN (AGA) DB Commodity Services 0.50%
PowerShares DB Agriculture Fund (DBA) DB Commodity Services 0.50%
PowerShares DB Agriculture Long ETN (AGF) DB Commodity Services 0.50%
PowerShares DB Agriculture Short ETN (ADZ) DB Commodity Services 0.50%
ETFS Agriculture ETF (AIGA-LSE)listed on the British London Stock Exchange ETF Securities 0.49%
ETFS Agriculture Sterling ETF (AGAP-LSE)listed on the British London Stock Exchange ETF Securities 0.49%
ETFS Forward Agriculture ETF (FAGR-LSE)listed on the British London Stock Exchange ETF Securities 0.49%
ETFS Leveraged Agriculture ETF (LAGR-LSE)listed on the British London Stock Exchange ETF Securities 0.98%
ETFS Short Agriculture ETF (SAGR-LSE)listed on the British London Stock Exchange
AGCO (NYSE: AGCO) is the 3rd largest manufacturer of agricultural equipment world-wide. The company makes products such as tractors and combines, and distributes its products through a network of dealers and distributors to the farmers.[1] The company earned $6.6 billion in revenue and $136 million in net income in 2009.[2]
Since AG generates nearly all of its revenue from sales of agricultural equipment, much of its success hinges upon the health of the agriculture industry and crop prices. One current trend that may play to AG's advantage is the increased interest in corn-based ethanol. Ethanol-based energy research and development over the next several years could lead to continued growth in demand for corn and, of course, the tools needed to plant and harvest more of it. Increasing demand for food in developing countries could also positively impact AG's sales. As both populations and personal incomes grow in emerging markets, demand for both grains and grain intensive products such as meat should increase as well. With three-quarters of its revenue generated outside of the U.S., AG has greater exposure to developing countries than any of its competitors.
Company Overview
AGCO primarily makes tractors, combines, and other agricultural equipment:[3][4]
Tractors (66% of sales): the company sells its tractors under a variety of brand names including AGCO, Challenger and Massey Ferguson. Its sizes range from compact tractors (used on small farms), utility tractors (used on small and medium-sized farms), and high horsepower (used on larger farms and on cattle ranches).
Contents
1 Company Overview
2 Business Growth
2.1 FY 2009 (ended December 31, 2009)[2]
3 Trends and Forces
3.1 Alternative Energy & Biofuels drive up Corn Prices
3.2 Emerging Markets Buy More Grain
4 Competition
5 References
Combines (5% of sales): are used to harvest various grain crops. AG's combines come with a variety of crop-harvesting heads for different kind of crops.
Application Equipment (4% of net sales): self-propelled 3 or 4 wheeled vehicles and equipment such as chemical sprayers which are used in the application of fertilizers and crop protection chemicals.
Other Products (10% of net sales): the company makes a wide range of other products such as mowers and tools used to cut hay.
Replacement Parts (14% of net sales): in addition to new equipment, AG sells replacement parts for their products. These parts keep farm equipment in use, including products no longer in production.
Business Growth
FY 2009 (ended December 31, 2009)[2]
Net sales decreased 21% to $6.6 billion. The company attributes the decline to net sales decreases in most of its geographical regions as well as unfavorable foreign currency translation impacts
Net income decreased 61% to $136 million.
Trends and Forces
Alternative Energy & Biofuels drive up Corn Prices
The USDA anticipates ethanol production to top 12 billion gallons annually by 2016, derived from over 4 billion bushels of corn. This would represent an increase of 168% from the estimated 1.6 billion bushels of corn used in ethanol production in 2005. This be accompanied by significantly higher corn prices, which would combine with the increased production to result in more revenue for farmers. Due to the increased demand for corn and higher prices, many farmers might use their increased income to make large investments such as purchasing new farm equipment like tractors and harvesters.
Emerging Markets Buy More Grain
AGCO is much more focused on emerging markets than peers such as Deere & Company (DE). The company generates over 75% of its revenue outside of the US, while Deere & Company (DE) generates only 30%. These countries are experiencing rapid economic development, which has fueled increased demand for food and energy. The interest in biofuels has extended beyond North America to emerging economies such as Brazil.
For example, AG's exposure to the Brazilian market (South America - mostly Brazil - accounts for around 15% of its revenues) could be a growth driver. Brazil makes ethanol from sugar cane, instead of corn. There are 47 new sugar cane mills being built in Brazil, and each one will require about 100 new tractors. AGCO has 60% market share in the Brazilian tractor market, and a dominant position in the sugarcane industry.
Competition
AG faces tough competition from a variety of competitors across the globe, but its two primary competitors are Deere & Company (DE) and CNH Global N.V. (CNH).
* Deere & Company (DE): is the world's leading manufacturer of agricultural and forestry equipment. The company currently generates 70% of its sales from the US and Canada.
* CNH Global N.V. (CNH): CNH is a leading player in the agricultural equipment market and the construction equipmen
Global Insight provides comprehensive economic and financial information on countries, regions and industries, using a unique combination of expertise, macroeconomic models, data and software within a common analytical framework to support planning and decision-making. The company also provides consulting and advisory services, with deep knowledge of many industries, such as automotive, energy, health, construction, consumer goods, etc.
The PowerShares Global Agriculture Portfolio (Fund) is based on the NASDAQ OMX Global Agriculture IndexSM (Index). The Fund will normally invest at least 90% of its total assets in securities that comprise the Index and ADRs and GDRs based on the securities in the Index. The Index is designed to measure the overall performance of globally traded securities of the largest and most liquid companies involved in agriculture and farming-related activities. The Index is rebalanced quarterly using a modified, market-cap-weighted methodology. [1]
Fund Information
Fund Manager - Invesco Powershares
Inception Date - 09/18/2008
Exchange – NASDAQ Exchange
Index Ticker - PAGG
Intra-day NAV Ticker – PAGG.IV
Expense Ratio - 0.75%
Top Holdings
Holdings % of Portfolio
Potash Corp. of Saskatchewan Inc. 8.27%
Syngenta AG 7.82%
Mosaic Co. 7.66%
Wilmar International Ltd. 7.59%
Monsanto Co. 6.42%
ICL-Israel Chemicals Ltd. 4.27%
Archer Daniels Midland Co. 3.95%
IOI Corp. Bhd 3.92%
Yara International ASA 3.86%
Sociedad Quimica y Minera de Chile S.A. 3.81%
Other ETFs that track the Agriculture Sector Category
Contents
1 Overview
2 Fund Information
3 Top Holdings
4 Other ETFs that track the Agriculture Sector Category
5 References
ETF Name Fund Manager Expense Ratio
Global Agriculture Portfolio ETF (PAGG) Invesco PowerShares 0.75%
Market Vectors Agribusiness ETF (MOO) Van Eck Funds 0.59%
PowerShares DB Agriculture Double Long ETN (DAG) DB Commodity Services 0.60%
PowerShares DB Agriculture Double Short ETN (AGA) DB Commodity Services 0.60%
PowerShares DB Agriculture Short ETN (ADZ) DB Commodity Services 0.60%
Claymore Global Agriculture ETF (COW-TSX)listed on the Canadian TSX stock exchange Claymore Investments, Inc. 0.65%
ETFS Leveraged Agriculture ETF (LAGR-LSE)listed on the British London Stock Exchange ETF Securities 0.98%
ETFS Leveraged Grains ETF (LGRA-LSE)listed on the British London Stock Exchange ETF Securities 0.98%
ETFS Short Agriculture ETF (SAGR-LSE)listed on the British London Stock Exchange ETF Securities 0.98%
ETFS Short Grains ETF (SGRA-LSE)listed on the British London Stock Exchange ETF Securities 0.98%
Dow Jones-AIG Agriculture Total Return ETN (JJA) Commodity Shares 0.75%
Dow Jones-AIG Grains Total Return ETN (JJG) Commodity Shares 0.75%
E-TRACS CMCI Agriculture ETN (UAG) UBS E-Tracs 0.65%
ELEMENTS MLCX Grains Index ETN (GRU) Elements Exchange Traded Notes 0.75%
PowerShares DB Agriculture Double Long ETN (DAG) DB Commodity Services 0.50%
PowerShares DB Agriculture Double Short ETN (AGA) DB Commodity Services 0.50%
PowerShares DB Agriculture Fund (DBA) DB Commodity Services 0.50%
PowerShares DB Agriculture Long ETN (AGF) DB Commodity Services 0.50%
PowerShares DB Agriculture Short ETN (ADZ) DB Commodity Services 0.50%
ETFS Agriculture ETF (AIGA-LSE)listed on the British London Stock Exchange ETF Securities 0.49%
ETFS Agriculture Sterling ETF (AGAP-LSE)listed on the British London Stock Exchange ETF Securities 0.49%
ETFS Forward Agriculture ETF (FAGR-LSE)listed on the British London Stock Exchange ETF Securities 0.49%
ETFS Leveraged Agriculture ETF (LAGR-LSE)listed on the British London Stock Exchange ETF Securities 0.98%
ETFS Short Agriculture ETF (SAGR-LSE)listed on the British London Stock Exchange
AGCO (NYSE: AGCO) is the 3rd largest manufacturer of agricultural equipment world-wide. The company makes products such as tractors and combines, and distributes its products through a network of dealers and distributors to the farmers.[1] The company earned $6.6 billion in revenue and $136 million in net income in 2009.[2]
Since AG generates nearly all of its revenue from sales of agricultural equipment, much of its success hinges upon the health of the agriculture industry and crop prices. One current trend that may play to AG's advantage is the increased interest in corn-based ethanol. Ethanol-based energy research and development over the next several years could lead to continued growth in demand for corn and, of course, the tools needed to plant and harvest more of it. Increasing demand for food in developing countries could also positively impact AG's sales. As both populations and personal incomes grow in emerging markets, demand for both grains and grain intensive products such as meat should increase as well. With three-quarters of its revenue generated outside of the U.S., AG has greater exposure to developing countries than any of its competitors.
Company Overview
AGCO primarily makes tractors, combines, and other agricultural equipment:[3][4]
Tractors (66% of sales): the company sells its tractors under a variety of brand names including AGCO, Challenger and Massey Ferguson. Its sizes range from compact tractors (used on small farms), utility tractors (used on small and medium-sized farms), and high horsepower (used on larger farms and on cattle ranches).
Contents
1 Company Overview
2 Business Growth
2.1 FY 2009 (ended December 31, 2009)[2]
3 Trends and Forces
3.1 Alternative Energy & Biofuels drive up Corn Prices
3.2 Emerging Markets Buy More Grain
4 Competition
5 References
Combines (5% of sales): are used to harvest various grain crops. AG's combines come with a variety of crop-harvesting heads for different kind of crops.
Application Equipment (4% of net sales): self-propelled 3 or 4 wheeled vehicles and equipment such as chemical sprayers which are used in the application of fertilizers and crop protection chemicals.
Other Products (10% of net sales): the company makes a wide range of other products such as mowers and tools used to cut hay.
Replacement Parts (14% of net sales): in addition to new equipment, AG sells replacement parts for their products. These parts keep farm equipment in use, including products no longer in production.
Business Growth
FY 2009 (ended December 31, 2009)[2]
Net sales decreased 21% to $6.6 billion. The company attributes the decline to net sales decreases in most of its geographical regions as well as unfavorable foreign currency translation impacts
Net income decreased 61% to $136 million.
Trends and Forces
Alternative Energy & Biofuels drive up Corn Prices
The USDA anticipates ethanol production to top 12 billion gallons annually by 2016, derived from over 4 billion bushels of corn. This would represent an increase of 168% from the estimated 1.6 billion bushels of corn used in ethanol production in 2005. This be accompanied by significantly higher corn prices, which would combine with the increased production to result in more revenue for farmers. Due to the increased demand for corn and higher prices, many farmers might use their increased income to make large investments such as purchasing new farm equipment like tractors and harvesters.
Emerging Markets Buy More Grain
AGCO is much more focused on emerging markets than peers such as Deere & Company (DE). The company generates over 75% of its revenue outside of the US, while Deere & Company (DE) generates only 30%. These countries are experiencing rapid economic development, which has fueled increased demand for food and energy. The interest in biofuels has extended beyond North America to emerging economies such as Brazil.
For example, AG's exposure to the Brazilian market (South America - mostly Brazil - accounts for around 15% of its revenues) could be a growth driver. Brazil makes ethanol from sugar cane, instead of corn. There are 47 new sugar cane mills being built in Brazil, and each one will require about 100 new tractors. AGCO has 60% market share in the Brazilian tractor market, and a dominant position in the sugarcane industry.
Competition
AG faces tough competition from a variety of competitors across the globe, but its two primary competitors are Deere & Company (DE) and CNH Global N.V. (CNH).
* Deere & Company (DE): is the world's leading manufacturer of agricultural and forestry equipment. The company currently generates 70% of its sales from the US and Canada.
* CNH Global N.V. (CNH): CNH is a leading player in the agricultural equipment market and the construction equipmen