Fund: iShares Commodity-Indexed (GSG)
iShares S&P GSCI Commodity-Indexed Trust debuted at number two on the ETF Momentum Tracker sector ranking last week. GSG was flanked on the table by funds investing in gold and silver and trailed closely by funds investing in the oil industry. Gold, silver and oil are among the 24 commodities in which GSG invests, and each-along with soybeans, wheat and lead-played a role in GSG’s dramatic surge late in 2007. All told, the fund gained an impressive 38.29% for the year ending January 25. GSG slipped back slightly during the first few weeks of the new year, but commodities’ continuing appeal during the recent shake-up in global financial markets allowed the fund to handily outperform broad market indices.
Uncle Cal recommends an ETF called "SPDR"..
Rather than owning Vanguard S&P500 index fund or Fidelity Index 500, you can buy the ETF "SPDR" which is the S&P500 but is traded like a stock..
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