Best New Commodity ETF of 2013
Awarded to the most important commodity ETF launched in 2013.
Note: Importance is measured by the overall contribution to positive investor outcomes. The award may recognize ETFs that open new areas of the market, lower costs, drive risk-adjusted performance or provide innovative exposures not previously available to most investors. Only ETFs with inception dates after January 1, 2013, are eligible.
Credit Suisse Commodity Rotation ETN (CSCR): CSCR selects the 8-most-backwardated (or least-contango-impacted) commodities in an attempt to deliver strong performance.
Credit Suisse Gold Shares Covered Call ETN (GLDI): GLDI takes one of the main knocks on gold—that it doesn’t carry a yield—and flips it on its head by selling covered calls. It’s a familiar strategy applied to a robust market.
First Trust Global Tactical Commodity Strategy (FTGC): FTGC combines two firsts in one product: It’s the first actively managed commodity ETF and the first commodity product structured under the 1940 Act. That structured allows it to solve two of the main pain points for advisors seeking commodity exposure in an ETP: avoiding the K-1 and the ETN wrapper.
iShares Dow Jones-UBS Roll Select Commodity Index Trust (CMDT): CMDT is the first product to track a roll-optimized version of the highly diversified Dow Jones-UBS Commodity Index, providing a real alternative to ETFs linked to the S&P GSCI. Its contract selection places an importance on the shape of the curve, a key determinant of performance.