Types of Commodity Investments

The Handbook of Commodity Investing

Volumn , Issue , 2011, Pages 547-569

  Engelke, Lynne ^a   Yuen, Jack C ^a  

^a Citi Alternative Investments   (United Kingdom)

Author keywords

Commodity investments; Exchange traded funds; Retail investors; Risk return criteria; Stocks and bonds

Indexed keywords

EID: 84887249975     PISSN: None     EISSN: None     Source Type: Book    
DOI: 10.1002/9781118267004.ch23     Document Type: Chapter

References (13)

1. Bill Barnhart, "Commodities Drawing Interest in Spite of Risks," Chicago Tribune 10 (November 2006), p. 5.
2. Paul Anthony Cashin and C. John McDermott, The Long-Run Behavior of Commodity Prices: Small Trends and Big Variability, IMF Working Paper No. 01/68, May 2001.
3. Enzo Grilli and M. C. Yang, and the Terms of Trade of Developing Countries: What the Long Run Shows, "Primary Commodity Prices, Manufactured Goods Prices," World Bank Economic Review 2, no. 1 (1988), pp. 1-47.
4. K. Geert Rouwenhorst and Gary B. Gorton, "Facts and Fantasies about Commodity Futures," Financial Analysts Journal (April 2006), pp. 47-68.
5. Barclay Trading Group, Ltd. http://www.barclaygrp.com/indexes/cta/Money_Under_Management.html (January 5, 2007).
6. The CISDM CTA Assets Weighted Index (Managed Futures) is a dollar-weighted index of over 300 commodity trading advisors published by the Center for International Securities and Derivatives Markets, which is affiliated with the Isenberg School of Management at the University of Massachusetts-Amherst. To qualify for the index, a trading advisor must have at least $500,000 under management and 12 months of track record. The underlying CTA performance is net of fees and expenses.
7. The Barclay Agricultural Traders Index is an equal weighted composite of managed programs that trade agricultural markets, such as grains, meats, and foods. In 2007, 20 agricultural programs were included in the index. In order for a managed program to be included in the index, the program's trader must have at least 12 months prior performance history and extracted performance is not acceptable.
8. ICI statistics and research (Investment Company Factbook 2006). Investment Company Institute (ICI) is the national association of U.S. investment companies, with members representing 95% of the total investment company industry's assets, and publishes statistical data on the industry.
9. "The Genesis Shows the Genius: ETFs and Nate Most," Bloomberg Wealth Manager, September 1, 2004, p. 113.
10. Ian Salisbury, "ETF Appeal Shifts to Main Street," Wall Street Jounal, August 1, 2006.
11. ICI statistics and research. Trust-issued receipts are not included in this figure.
12. HFR Industry Report Q3 2006#HFR Inc., 2006, www.hedgefundresearch.com.
13. Peter C. Fusaro and Gary M. Vasey, "Energy & Environmental Funds: Continuing to Offer Superior Opportunities," Commodities Now, 2005.