| From FT: Commodities investors in simple, long-only passive indices suffered hefty losses last month as they shouldered the unusually high cost of rolling positions into forward contracts as well as falling spot prices, Standard & Poor’s said on Tuesday.
The futures curve for raw materials such as oil, natural gas and corn has moved abruptly to an upward slope in the last few weeks, a situation that makes investing in commodities indices such as the S&P GSCI or the DJ AIG far less profitable..... Full Article: Source
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