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Raking in Profits From Agribusiness ETFs
Published:
Monday, 4 May 2009 | 5:12 PM ET
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By: JeeYeon Park
CNBC News Associate
CNBC News Associate
Peter Kenny, managing director of Knight Equities, offered a favorite idea for investors to consider.
His Recommendation:
Market Vectors Agribusiness [MOO
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“This is an ETF that covers the agribusiness trade,” Kenny told CNBC. “They are truly global."
"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."
Disclosure:
No immediate information was available for Kenny or his firm.
© 2009 CNBC.com
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