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:
“There used to be a thing or a commodity we put great store by. It was called the People. Find out where the People have gone. I don’t mean the square-eyed toothpaste-and-hair-dye people or the new-car-or-bust people, or the success-and-coronary people. Maybe they never existed, but if there ever were the People, that’s the commodity the Declaration was talking about, and Mr. Lincoln.”
—John Steinbeck (1902–1968)