Commodity ETF Assets Growing Exponentially
Assets invested in natural resource ETFs continue to grow at an astounding pace. For example, assets in natural resources grew more to more that $2 billion from about $250 million at the end of 2006.
I generally follow the following commodity ETFs:
DBC, DB Commodity Index
GDX, Market Vectors Gold Miners
GLD, Street Tracks Gold Trust
IGE, iShares Goldman Sachs Natural Resources
DBA, PowerShares DB Agriculture
SLV, iShares Silver Trust
UNG, United States Natural Gas Fund
On another note, JC Penny will be in play today so we will be focusing on the RTH (retail HOLDRS) ETF and the XRT SPDR S&P retail ETF.
Happy Trading
Mike Matousek, CMT
Portfolio Manager, ETF Updater
www.etfupdater.com
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