Raking in Profits From Agribusiness ETFs

Monday, 4 May 2009 | 5:12 PM ET

Peter Kenny, managing director of Knight Equities, offered a favorite idea for investors to consider.

His Recommendation:

Market Vectors Agribusiness

“This is an ETF that covers the agribusiness trade,” Kenny told CNBC. “They are truly global."

Making 'Street' Sense
Getting a sense of what Wall Street is talking about, with Peter Kenny, Knight Equities; Jim Iuorio, TJM Institutional Services; and CNBC's Erin Burnett.

"And in addition, it's is up 50 percent from its high in May of 2007," he said.

"Today, they pierced a 200-day moving average to the upside. It’s just a great, great looking chart."


No immediate information was available for Kenny or his firm.


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