Seeking Alpha

Jeff Malec

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  • How Efficient Was Your 2013 Commodity Exposure? [View article]
    Thanks, Brad!

    We'll take that into consideration. However, we like to use ETF's with the largest AUM to provide a better gauge of that market. USO and UNG are significantly larger ETF products at this time.
    Jan 9 02:55 PM | Likes Like |Link to Comment
  • 3 Big Reasons Commodity ETFs Aren't Getting The Job Done [View article]
    We're not fans of managed futures mutual funds either... see here:

    They are usually not managed futures at all, and just single strategies labeled managed futures to lure in unsuspecting investors.

    True managed futures - via individually managed accounts - have been a better choice for investors who can afford it, and the agriculture traders in particular give better exposure to commodities, in our opinion.

    As for your long equity commodities funds hedged with a market short - my quick answer would be no, as I don't like the correlation of the commodity companies with the commodities, or the additional risks in terms of debt, management, etc. So may be exchanging a known cost in contango risk for unknown costs.
    Jun 12 12:50 PM | Likes Like |Link to Comment