Gold Still In Demand
Rounding out the list of the 10 top-performing commodities is an investor favorite, gold. There are three ETFs tied to the yellow metal on the list, including the iShares Gold Trust (IAU), the ETFS Physical Swiss Gold Shares (SGOL) and the SPDR Gold Trust (GLD), each with gains of just over 10%.
Gold prices remain supported by persistently low global bond yields, which reduce the opportunity cost of holding the metal, which is widely regarded as a safe haven. Investors continued to add to their gold ETF holdings, with 109.1 metric tons coming into the space during Q1, according to the World Gold Council.
At the same time, central banks added 76.3 metric tons to their stockpiles. Both figures are down from last year, but suggest there's still a healthy demand for gold from all segments of the market, despite surging stock markets around the world.
For a full list of this year's top-performing commodity ETFs, see the table below:
|PALL||ETFS Physical Palladium Shares||31.05|
|CUPM||iPath Pure Beta Copper ETN||14.32|
|JJC||iPath Bloomberg Copper Subindex Total Return ETN||14.31|
|UBC||ETRACS UBS Bloomberg CMCI Livestock Total Return ETN||13.63|
|CPER||United States Copper Index Fund||13.55|
|DBB||PowerShares DB Base Metals Fund||12.27|
|JJU||iPath Bloomberg Aluminum Subindex Total Return ETN||11.37|
|IAU||iShares Gold Trust||10.24|
|SGOL||ETFS Physical Swiss Gold Shares||10.20|
|GLD||SPDR Gold Trust||10.15|
Contact Sumit Roy at [email protected]