Seeking Alpha

JWG » Comments » ADM

  • Playing the Agriculture Game  [View article]
    Brad,

    You wrote that "All instruments tracking a futures index, ETFs and ETNs alike, must contend with the effects of contango and backwardation". <p>
    I don't see why that would be so for ETN's. As you say, they don't own the asset, so they don't have to roll anything forward, so why would they be losing/gaining any roll yield?
    <P>
    Thanks
    May 15 09:54 am |Rating: 0 0 |Link to Comment
More on ADM by JWG
Comments by Ticker
JWG's
Comments Stats
28 comments
Rating: 21 (34 - 13 )