15.01.2013 - Shipping ETF sails higher as Baltic Dry Index rebounds
The Baltic Dry Index gained notoriety before and infamy during the global financial crisis. Few investors realize the Baltic Dry Index has existed, in some form, for nearly 200 years. After the index garnered almost everyday mentions in the mainstream financial press during the crisis, it is fair to say at least few investors know it is a gauge of the costs of shipping various raw materials around the world. The index measures daily charter rates for pricing on Handysize, Supramax, Panamax, and Capesize dry bulk carriers that haul an array of commodities such as coal and iron ore. Said another way, the Baltic Dry Index itself is not a tradeable security, but it can be a good gauge of risk appetite...............................................Full Article: Source
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