http://www.etftrends.com/2014/03/...-benefit-from-the-ukraine-crisis/An ETF That Could Actually Benefit From the Ukraine Crisis
Auszug:
Potach Corp. of Saskatchewan (NYSE: POT), Mosaic (NYSE: MOS), CF Industries (NYSE: CF) and Agrium (NYSE: AGU), each among the largest producers of crop nutrients in the world, all finished higher Monday on speculation the ongoing Russia/Ukraine imbroglio could constrain global potash supplies.
“Non-Russian potash supplier…may benefit from a potential trade sanctions that could impact Russian potash exports,” Robbert van Batenburg, director of market strategy at global brokerage firm Newedge, told the Wall Street Journal.
Companies such as Potash came under pressure earlier this year after Russian fertilizer giant Uralkali agreed cut its potash price to China by 24%, selling the soil nutrient for $305 per ton for the first half of 2014.
Uralkali quit the Belarusian Potash Company in July 2013, but there is talk of a reunion. Still, economic sanctions against Russia could open the door for MOO holdings to benefit.
The four aforementioned stocks combine for 20% of MOO’s weight. Uralkali is almost 2% of the $3.8 billion ETF’s weight.