04.09.2013 - Commodities ETFs roared back in August
For the bulk of 2013, investors have shown a preference for stocks over commodities and fears regarding tapering of the Federal Reserve’s quantitative easing program have only added to the pressure on commodities ETFs and ETNs. Year-to-date, marquee commodities ETFs such as the SPDR Gold Shares and the iShares Silver Trust are still saddled with significant losses. GLD, once the second-largest ETF in the world, is down 17.5% this year while SLV is off 24.5%. While GLD, SLV and other commodities ETFs and ETNs still have a long way to turn green on the year, some commodities funds made significant progress in August. Of the top-25 non-leveraged, long only ETFs and ETNs last month, 20 were commodities-related..............................................Full Article: Source
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