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iShares S&P GSCI Commodity-Indexed Trust ETF (GSG)

- NYSEARCA
  • Oct. 23, 2013, 11:13 AM
    • 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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  • Oct. 16, 2013, 3:47 PM
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  • Sep. 26, 2013, 12:57 PM
    • "Striking," to McKinsey, is how well commodity prices have held up despite the sluggish economy. The group notes despite recent falls, prices remain around the levels of early to mid-2008 - just prior to the global financial crisis hitting.
    • Pimco - on the other hand - isn't calling for a price crash, but says the double-digit annual growth from the late 1990s up to the financial crisis isn't returning. Returns though, may still be positive going forward.
    • 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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  • Sep. 12, 2013, 7:48 AM
    • The gathering pace of infrastructure projects and consumers' need to restock will fuel a rebound in China's commodity usage through the end of the year, says Goldman. "People are getting more positive, but they’re not super bullish, not yet,” said Goldman's Julian Zhu. “You’re going to see further upside. If you look at the early indicators in September; it seems like the overall economic activity is picking up."
    • Steel prices in particular are expected to be stronger, says Zhu. Re-bar futures in Shanghai closed at $3,713 per metric ton last night, continuing a 3-month run of higher prices, the longest streak since 2010/11.
    • 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.
    • Broad base metal ETFs: JJM, RJZ, BDG, DBB, UBM, BDD, BOM, BOS, USMI, RGRI.
    • Steel: SLX.
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  • Aug. 21, 2013, 11:17 AM
    • Up and trading is the iShares DJ-UBS Roll Select Commodity Index Trust (CMDT), a commodity ETF aimed at negating the negative roll associated with owning futures contracts when markets are in contango.
    • A market in contango has later-dated contracts more expensive than near-term ones, making the rolling over of expiring contracts a costly process. Markets in "backwardation" have later-dated contracts less expensive than near-term ones, and the roll can add to a fund's performance. CMDT selects those contracts exhibiting the least contango or most backwardation.
    • One competing fund, USCI, has outperformed the DBC by 150 bps this year.
    • 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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  • Aug. 15, 2013, 4:38 PM
    • Rising rates, the decline in stocks, and escalating violence in Egypt provided no bid for the greenback which fell across the board today.
    • The dollar (UUP -0.7%) lost more than 1% against the Swiss franc (FXF +1%) and nearly 1% vs. the yen (FXY +0.8%) and cable (FXB +0.9%). The euro (FXE +0.7%) gained nearly three quarters of one percent.
    • Typically the first to sell off when markets get a bit panicky, even the loonie (FXC +0.2%) and the aussie (FXA) picked up ground against the U.S. unit.
    • A reason? Maybe the commodity sector (DBC +1%) - it was notably strong with metals, energy, and the grains all higher.
    • Related dollar ETFs: UUPT, UDN, UDNT.
    • 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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  • Jul. 1, 2013, 9:30 AM
    JPMorgan recommends getting overweight commodities (DBC) for the first time in 2 years, but warns the call isn't an "all-clear" signal, but instead a view on term structure in energy, which dominates most indices. Momentum is still negative in metals but prices - particularly for gold and copper - are at levels which should spur production cuts and fresh demand.
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  • Jun. 18, 2013, 8:54 AM
    "The biggest contrarian play in the market today is assets linked to China (FXI, CAF)," says Michael Hartnett, summarizing BAML's latest Fund Manager Survey, which shows money flowing out of commodities (DBC) and emerging markets (EEM, DEM, VWO). Where's the money going? The eurozone and the U.S. Where it's not going is fixed-income (AGG, BND) - 50% of managers say they're now underweight bonds as opposed to 38% last month.
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  • May. 8, 2013, 2:52 PM
    The recent selloff in commodities (DBC) is not a correction, says Stan Druckenmiller, now on stage at Ira Sohn, but instead the end of the supercycle. Avoid commodity markets - Brazil (EWZ, BRF, BRL), South Africa (EZA, SZR), Canada (EWC, FXC). "Frankly, I'd short the aussie (FXA)." His largest equity holding? "I can't imagine a better position than Google (GOOG)" - selling for 16x earnings and no exposure to China.
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  • May. 6, 2013, 8:31 AM
    The commodity boom (DBC) is over, writes Morgan Stanley global macro chief Ruchir Sharma, as massive overinvestment - mostly to feed China's voracious demand - comes online just at the time said demand becomes considerably less voracious. Not only are China and emerging markets in general slowing, but the countries are striving to become more efficient (USO) as well. "If historical pattern holds, we are now entering a long period of falling commodity prices, which could last two decades."
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  • May. 1, 2013, 10:41 AM
    Commodities are lit up bright red as weak economic data (here and in China) is a good excuse to end the bounce of the last few sessions. Gold (GLD -1.8%), Silver (SLV -3.6%), WTI Crude (USO -2.6%). Copper (JJC -3.3%) moves to its lowest level in about 18 months at $3.08/lb. The metal hasn't had a 2-handle since the start of 2011. Broad commodity gauge (DBC -1.8%).
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  • Apr. 12, 2013, 3:01 PM
    It's "death bells" for commodities, says Citigroup, calling 2013 the year in which it's realized the commodity supercycle is over and a new era in which the relative performance of how "stuff" performs against each other and other assets is what matters. Specifically on oil, Citi calls Q1's move higher without merit and expects the recent downtick in prices to continue.
    | 70 Comments
  • Mar. 11, 2013, 8:24 AM
    Speculators cut net long positions in commodity contacts by 9.2% last week, according to CFTC data. At 406K contracts, it's the lowest net long position since the epic March 2009 bottom. Not surprisingly, the positioning is following the trend in commodity prices, which have tumbled over the past few weeks. Goldman last week: Buy the dip. DBC thus far this year.
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  • Mar. 8, 2013, 7:06 AM
    Buy the dip in commodities, says Goldman, raising its 3-month outlook for raw materials after the recent price dip. "The recent selloff in commodities on worries about Chinese growth is overdone in our view and we upgrade to overweight on a 3-month horizon," says the bank's commodities research chief. DBC -2.4% YTD.
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  • Feb. 20, 2013, 11:28 AM
    Non-agricultural commodities sell off sharply across the board. GLD -1.4%, SLV -2.3%, USO -2%, JJC -1.1%. Lumber futures -2.5%. Chatter circulates of a troubled hedge fund being forced to exit. Broad commodity ETF: DBC -0.9%.
    | 10 Comments
  • Feb. 6, 2013, 11:36 AM
    Institutional investors pull back from commodity bets as the sector fails to deliver on its key appeal as an effective hedge against volatile stocks. Influential Calpers - which led the way into commodities a decade ago - leads the way out, pulling 55% of its holdings after years of losses. DBC flat Y/Y.
    | 2 Comments
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GSG Description
Neither the Trust nor the Investing Pool is an investment company registered under the Investment Company Act. Shares of the Trust are not subject to the same regulatory requirements as mutual funds. Investments in shares of the Trust are speculative and involve a high degree of risk. You could lose all or a substantial portion of your investment in the shares of the Trust. Before making an investment decision
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