26.03.2015 - Commodity ETFs May Have More Room To Fall
Commodity exchange traded funds, especially those that track base metals, could fall behind as a slowdown in China diminishes consumptions and cheaper oil helps cut costs in production. Broad commodity exchange traded products have been underperforming other asset classes. Year-to-date, the PowerShares DB Commodity Index Tracking Fund fell 5.6%, iPath Dow Jones-UBS Commodity Index Total Return ETN decreased 4.7% and iShares GSCI Commodity-Indexed Trust declined 8.3%. Morgan Stanley has cut its forecast for almost all base metals and bulk commodities due to the lower demand from China, the world’s biggest consumer of copper, iron ore and other raw materials, reports Sungwoo Park for Bloomberg...............................................Full Article: Source
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