ETF Plays for the Commodity Rally (SLV, USO, JJC, DBB, JJM, PTM, DGP, GLD)
Forget about futures contracts and lot sizes, there are plenty of exchange-traded ways to invest in commodities.
Commodities powered higher on Monday as the dollar showed weakness, and equity investors flocked to mining shares. While gains significant gains can be had buying the miners during a metals rally, many investors and traders now opt for a more direct play on the various commodity segments. Thanks to the proliferation of exchange-traded funds (ETFs), just about every commodity can be traded in a standard equity account via instruments like the iShares Silver Trust (SLV) or the United States Oil Fund (USO).
As a whole, the Commodity ETFs Index added 1.1% yesterday, but the bulk of the segment remains negative over the last week.
The iPath Dow Jones-AIG Copper Total Return (JJC), PowerShares DB Base Metals Fund (DBB), and iPath Dow Junes-AIG Industrial Metals Total Return (JJM) ETFs are all off by -6% for the period as commodities sank to end January.
Top performers over the last five sessions include the E-TRACS UBS Long Platinum ETN (PTM), PowerShares DB Gold Double Long ETN (DGP), and the popular SPDR Gold Trust (GLD) as precious metals investors cheered yesterday’s dollar decline.
For more on commodity ETFs, or more than a dozen more subsectors from the ETF universe check out tickerspy’s ETF SuperIndex.
Investors can track the Commodity ETFs Index for performance trends and a suite of other metrics at tickerspy.com.
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