12.11.2012 - For passive investors, rolling commodities gather a loss
Even when commodities win, investors can still lose. Despite fundamental market pressures and a volatile year, prices for front-month natural gas futures have gained a healthy 24% so far in 2012. But if you bought units in the United States Natural Gas Fund at the start of the year, you would instead have lost one-fifth of your investment. The disconnect gets worse the further back you look. On a five-year view, gas futures are down by just over half, but the fund's units have lost almost 94% of their value...............................................Full Article: Source
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