ETF investors gain commodities exposure

Land of plenty

paddy-field

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 le

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