As the dollar continues to suffer from a crisis of confidence and emerging markets continue to display insatiable appetites for raw materials, commodities have become one of the best performing asset classes of the year. Several remarkable rallies have spurred an exodus of investor assets to commodity markets, which have a history of offering investors protection against inflation and thriving as the dollar weakens. Both anxiety over the future of the dollar and optimism over growing demand from emerging markets has pushed several commodities to new highs; gold has repeatedly closed at record levels, and oil has regained momentum despite weakness in many developed economies. Beyond these widely-traded commodities, a number of other resources have surged as well in recent months, including cotton, copper, and silver. [click to continue…]
Volatility is nothing new for the energy sector. Recent years have seen the price of crude oil skyrocket to $150 before plummeting to $30, taking the profitability and outlook for an entire industry along for the ride. Outrage at elevated gas prices has sparked intense scrutiny in the past, and clashes between Big Oil and [...]
When molding their portfolios, some investors seek to identify short-term inefficiencies, tilting holdings towards regions, sectors, or individual stocks that seem poised to outperform in coming days or weeks. Others seek to identify long term, macroeconomic trends that could result in favorable developments for certain asset classes. Countless successful examples of this second strategy have [...]
After adding more than 100 new funds and taking in nearly $120 billion in cash in 2009, it seemed that the ETF industry would be hard-pressed to match that impressive pace in 2010. But an action-packed January that saw more than a dozen new funds, setting a pace that would shatter last year’s expansion. The [...]
The Jefferies | TR/J CRB Wildcatters Exploration & Production Equity ETF (WCAT) began trading this week, offering investors a way to gain exposure to equity securities of a global universe of companies engaged in the production of oil and natural gas sectors. The index underlying WCAT is a modified cap-weighted benchmark. To be eligible for [...]