PT  - JOURNAL ARTICLE
AU  - Sam Y. Chung
TI  - The Risks and Rewards of Investing in Commodity–Based Indices
AID  - 10.3905/jai.2000.318931
DP  - 2000 Jun 30
TA  - The Journal of Alternative Investments
PG  - 32--44
VI  - 3
IP  - 1
4099  - https://pm-research.com/content/3/1/32.short
4100  - https://pm-research.com/content/3/1/32.full
AB  - In recent years new exchange traded and over–the–counter commodity indices have come into existence. This article reviews the construction of major investable commodity indices and compares their risk and return characteristics with those stock, bond, real estate, managed futures, and hedge fund indices, as well as those of active commodity managers. Each commodity index is examined both as a stand–alone investment and as part of a well–diversified portfolio with equities and bonds.