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Commodities as an Investment

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Interest in commodities has grown tremendously, partly because commodities are believed to provide direct exposure to unique factors and have special hedging characteristics. This review discusses the instruments that provide exposure to commodities, the measures and historical record of commodity investment performance, evidence about the benefits of strategic versus tactical commodity allocations, and recent developments in the market.

About the Author(s)

Gerald R. Jensen CFA

Gerald R. Jensen, CFA, is professor of finance at the Heider College of Business, Creighton University, Omaha, Nebraska.

Jeffrey M. Mercer