Commodities ETFs outperform as demand grows
Exchange-traded funds linked to commodities rallied on Thursday as investors bet stronger economic growth would continue to drive prices for raw goods and materials higher. The First Trust Tactical Commodity Strategy Fund (FTGC) was 0.6% higher midday, as was the United States Commodity Index Fund (USCI). The United States Copper Index Fund (CPER), a pure-play approach to a metal many see as a barometer of economic growth because of its widespread usage, gained more than 1.3%. While higher prices for commodities signal stronger economic growth, its flip side is higher prices for finished goods - inflation.
-Andrea Riquier; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
January 14, 2021 12:04 ET (17:04 GMT)
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