03.04.2014 - Are managed futures ETFs the best commodity play?
Managed futures funds have outperformed long-only commodity plays over the last two decades. What’s behind their success? In January, while the S&P 500 Composite (SPX) slid 3.6 percent, the Dow Jones UBS Commodity Index (DJUBS) gained 0.3 percent. DJUBS is a long-only benchmark made up of 20 non-financial futures. It wasn’t much of a gain and one month doesn’t spell “turnaround,” but this isn’t just a one-month deal. Commodities, on the outs since 2011, have actually broken above a multi-year downtrend line.......................................Full Article: Source
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