Thursday, February 25, 2010

New -- Commodity ETF Index

I just devised an index to track performance of a collection of the major commodity ETFs. It is weighted according to how much volume each symbol has traded historically, though I made some adjustments to keep the biggest funds from having too too much influence. Here is the list of components, with share weightings and current value within the index:

The purpose is to capture the performance of commodities to the degree that they are traded as ETFs. Serious money trades commodity futures themselves, and I highly doubt that is going to change. This Commodity ETF index, on the other hand, is meant to gauge the retail investment public's position in commodities.

Henceforth you can find the daily closing value of this index quoted on the 'Index Data' posts.