Start of 2012 sees surge in commodities ETF launches

A bumper crop

Agriculture and industrial metals tipped for better performance this year

The start of 2012 has seen a surge in confidence in commodities, reflected in the launch of a number of exchange-traded funds (ETFs) in January offering both targeted and broad commodity exposure. "Optimism has characterised the commodities market so far this year, as exemplified by the sharp rally in industrial metals," says Michael McGlone, New York-based senior director of commodity indexing at S&P Indices.

The price declines seen last year in industrial metals and agriculture products have l

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