Morningstar ETF Research provides in-depth and accessible analysis into exchange-traded products available in Europe. Our team of independent analysts has this week launched seven new ETF Research Reports, the theme being broad basket commodity exposure, with an “innovative” ETF also in the mix. Click on the ETF names below to be taken to the Morningstar Research Reports.
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ComStage ETF Commerzbank Commodity
Excerpt from the report: In contrast to most of its peers, this product is based on an equal weighted index rather than using production-based or liquidity-based weighting criteria. Consequently, the investor can expect this ETF to experience less volatility than some of its more concentrated, energy-centric cohorts.
db x-trackers DLBCI - OY Balanced 1C
Excerpt from the report: In an attempt to address the dynamic nature of commodity futures curves, this fund’s reference index employs an “optimum yield” methodology that seeks to maximise the implied roll yield when moving from one futures contract to another.
EasyETF S&P GSCI Capped Commodity 35/20
Excerpt from the report: Historically, broad-basket commodity futures exposure has been an excellent source of portfolio diversification. In recent years, however, investors have seen these correlations begin to rise with respect to equities.
ETFS All Commodities DJ-UBSCI ETC
Excerpt from the report: To capitalise on this asset class properly, an investor may, consider a broad-basket commodity futures allocation to hedge against inflation.
iShares DJ-UBS Commodity Swap (DE)
Excerpt from the report: In order to provide the index return to investors, iShares enters into a funded swap agreement with multiple counterparties. Furthermore, iShares resets swaps on a monthly basis and makes daily adjustments to collateral levels to ensure continuous over-collateralisation.
Lyxor ETF Commodities CRB A
Excerpt from the report: The Lyxor ETF Commodities CRB TR offers broad commodity exposure by tracking a benchmark covering 19 commodity futures across six global exchanges.
Source Man GLG Europe Plus ETF
Excerpt from the report: The Source Man GLG Europe Plus ETF offers long-only total return European equity exposure that is designed to capture outperformance from broker ideas provided specifically to Man GLG.