Moreover, even if the Fed hike rates, platinum and palladium may continue to strengthen on increased industrial demand. The two white metals are a major component in automobile catalytic converters, and an expanding economy may also help support increased automobile demand.

Over the past month, the ETFS Physical Palladium Shares (NYSEArca: PALL) gained 4.3% and the ETFS Physical Platinum Shares (NYSEArca: PPLT) rose 4.9%.

These commodity ETFs are also structured differently from what most fund investors may expect. The precious metals ETFs are physically backed, which means that the ETFs represent a share ownership of physical bullion holdings stored in Swiss or London vaults.

Financial advisors who are interested in learning more about investing ideas for 2016 can register for the Wednesday, February 10 webcast here.