30.01.2015 - Commodity ETFs May See More Pain Before Things Get Better
Commodity exchange traded fund investors may have to hunker down over the short-term, but the commodities market could turn around further out. Over the past year, the GreenHaven Continuous Commodity Index Fund which follows an equal-weight methodology that covers 17 commodity positions, has declined 13.9% while the PowerShares DB Commodity Index Tracking Fund, which tracks a broad basket of the 14 most heavily traded commodities and uses an optimum yield methodology that tries to limit the negative effects of contango, has decreased 30.5%. Goldman Sachs remains pessimistic over the commodities outlook for the next three months but believes things could turn around over the next 12 months, the Wall Street Journal reports...............................................Full Article: Source
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