IAUM - Top 5 Commodity ETFs (SA Quant)
2024-04-30 07:00:00 ET
Summary
- Many commodities outperformed the market YTD as investors looked for safe havens to hedge against inflation, geopolitical risks, and natural disasters.
- Gold soared to an all-time high in April, silver to a 3-year high, copper a 2-year high, and cocoa set new all-time records.
- Investors looking to diversify can gain exposure to commodities via ETFs that invest directly in the physical commodity or indirectly through equities of companies that produce them.
- SA’s Quant Team selected 5 Commodities ETFs crushing the market in the past 3 months that offer exposure to gold, silver, uranium, copper, and a broad array of agricultural products.
- All five ETFs have Strong Buy or Buy Quant Ratings, ‘A+’ Momentum Factor Grades, and are up on average +17% YTD.
Investors looking for safe havens amid market uncertainty have poured money into a wide range of commodities to hedge against inflation, geopolitical risk , and natural disasters. Inflation concerns and tensions in the Middle East and Red Sea helped send gold to a record high in April and silver to a three-year high. Geopolitical tensions and droughts helped push base metal, energy, and agricultural commodity prices higher since early March. Cocoa spot prices reached an all-time zenith earlier in April and copper rose close to a two-year high. Gold is ~+13% YTD, silver +13%, copper +20%, and cocoa +130%....
Top 5 Commodity ETFs (SA Quant)