2010: A Year To Have Commodity Shares In Your Portfolio
The year 2009 saw a sharp rise in commodity prices across the world. The new highs made by gold and oil, regaining a major chunk of their previous decline, stood out in 2009. While some people may consider taking profits, this may not be the right time to do so.
With the global economy recovering and spending levels improving, living standards in the emerging economies are bound to rise in the forthcoming months. As a result, the price of consumable commodities is likely to rise.
ETFs such as Dow Jones-AIG Commodity Index Total Return ETN (NYSE: DJP), Goldman Sachs Commodity Index (GSCI) Total Return Index ETN (NYSE: GSP), iShares GSCI Commodity-Indexed Trust ETF (NYSE: GSG) and ProShares Ultra DJ-AIG Commodity ETF (NYSE: UCD) may benefit in 2010.
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