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First Trust launches commodity ETF

  • Launching today is the actively-managed First Trust Global Tactical Commodity Strategy Fund (FTGC). Twenty-five percent of the fund's assets will be invested in futures contacts and ETPs, with the rest invested in cash, money markets, and investment-grade fixed income securities.
  • "By attempting to pick the most attractive maturity futures contract for each commodity, FTGC may provide higher returns over a market cycle," says the fund's senior portfolio manager Rob Guttschow, referring to the well-known negative roll effects of buying into markets in contango.
  • The fund's expense ratio is 0.95%.
  • Other broad commodity ETFs: DJP, GSP, LSC, RJI, GSC, GCC, GSG, DBC, DPU, DJCI, UCI, USCI, DYY, UCD, DEE, CMD, DDP, RGRC, CTF, CFD CSCR, CSCB.
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