03.12.2013 - December is a bad month for commodity ETFs
This has been a bad year for commodities-related exchange traded funds, with hard assets heading for their first annual lose since 2008, and it could get worse if historical December trends pan out. Since 1971, the Standard & Poor’s GSCI Spot Index of 24 raw materials has declined in December about 83% of time when the benchmark showed a loss for the year through November, reports Elizabeth Campbell for Bloomberg. On average, the December decline was 3.9%. The S&P GSCI Index is down 3.7% year-to-date.....................................Full Article: Source
Print