BCOM - Bloomberg Commodity Complex ETF

[Smurf1976]

Bloomberg Commodity Complex ETF (BCOM) - Global X ETFs Australia

BCOM invests in a highly liquid, broad-based basket of commodities, including energy, grains, precious metals, industrial metals, softs and livestock.

www.globalxetfs.com.au

BCOM invests in a highly liquid, broad-based basket of commodities, including energy, grains, precious metals, industrial metals, softs and livestock.

I'm just looking for feedback as to what others think of this fund, or any other fund similar to it that aims to track a broad commodity basket?

I don't mean in terms of "should I invest in commodities" but more in terms of what the fund itself is likely to do, how well it should track the underlying commodity prices? Is there any obvious problem with it that'd lead to underperformance over time as has occurred with the OOO oil ETF for example?

Any thoughts?

My underlying objective is broad exposure to commodity prices, not limited to the usual gold ETF's or owning shares in the big mining companies.

Price thus far - chart is daily closing price:

 

[Sean K]

Bloomberg Commodity Complex ETF (BCOM) - Global X ETFs Australia

BCOM invests in a highly liquid, broad-based basket of commodities, including energy, grains, precious metals, industrial metals, softs and livestock.

www.globalxetfs.com.au

I'm just looking for feedback as to what others think of this fund, or any other fund similar to it that aims to track a broad commodity basket?

I don't mean in terms of "should I invest in commodities" but more in terms of what the fund itself is likely to do, how well it should track the underlying commodity prices? Is there any obvious problem with it that'd lead to underperformance over time as has occurred with the OOO oil ETF for example?

Any thoughts?

My underlying objective is broad exposure to commodity prices, not limited to the usual gold ETF's or owning shares in the big mining companies.

Price thus far - chart is daily closing price:

View attachment 204174

I'm tracking something else for the same reason.

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

@ducati916 pointed out this chart yesterday in his DDD and it looked like it was about to break up. A very nice and tasty set up. Looks like it's broken through overnight. 5 year weekly, 1 year daily.

www.aussiestockforums.com

BCOM is a much smaller vehicle with just $47m AUM.

BCOMs chart is only a couple of years old and doesn't show the longer term set up of the commodities complex. It's looking very bullish to me. Breakout is imminent.

 

[Smurf1976]

I'm tracking something else for the same reason.

Interesting - that's another one I'll look at.

Comparing the two, GSG in purple and BCOM in red:



Not perfectly correlated but pretty close.