While the spike in commodity prices may pinch your wallet, commodity exchange traded funds (ETFs) are positioned to benefit from the rising cost of raw materials.
Since so many commodities go into the products we buy every single day, commodity prices factor greatly into how much we pay. Commodities are especially critical now because demand for them has only grown. It’s no longer developed economies demanding them; emerging economies are growing and demanding them, too, reports Tim Begany for Investopedia . [Sugar, Coffee and Cocoa ETNs Rally On Fundamentals.]
Tisha Guerrero contributed to this article.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.