ETF Securities’ Commodities Trump Major Asset Classes
ETF Securities’ first-quarter 2008 results show that commodities took first as the top performing asset class
The DJ-AIG Commodities Index returned 9.6% during the first quarter and the ETFS All Commodities ETC returned 9.4%. This comes as equities became the worst performing asset class for the quarter and ETF Securities assets under management nearly doubled to USD5 billion.
The S&P500 index returned -9.9%, the DJ EuroStoxx50 returned -10.6% and the FTSE100 returned -11.5%, thereby implying that ETFS All Commodities ETC beat equities by about 20% and the ETFS Leveraged All Commodities DJ-AIGCISM ETC took in more than 17% during the same period.
Of the 37 commodities and baskets of commodities ETF Securities offers exposure to, ETFS Physical Platinum performed the best, gaining 33.3% over the quarter. Another eight types of ETCs returned at least 20%, including: ETFS copper, ETFS aluminium, ETFS corn and ETFS natural gas. There were some commodities that lost ground, such as ETFS livestock and ETFS lean hogs, which performed the worst.
More stories from Global Money Management