Commodity ETFs
Commodity ETFs, also known as exchange-traded commodities (ETCs), track a specific commodity index, such as:
- ELEMENTS Rogers International Commodity Index ETN (NYSE: RJI)
- iPath Dow Jones-AIG Commodity Idx TR ETN (NYSE: DJP)
- PowerShares DB Commodity Idx Trking Fund (NYSE: DBC)
There are also commodity ETFs which track specific commodities, via commodity futures or mining companies. These fall into four general categories, agricultural, which includes livestock and "softs"; energy resources; industrial materials; and precious metals. The most popular precious metals ETFs hold physical stocks of the metal rather than futures.
Read more about this topic: List Of American Exchange-traded Funds
Famous quotes containing the word commodity:
“A commodity appears at first sight an extremely obvious, trivial thing. But its analysis brings out that it is a very strange thing, abounding in metaphysical subtleties and theological niceties.”
—Karl Marx (1818–1883)