Citywire Selection Verdict: This ETN invests across the commodity spectrum using rolling futures contracts to gain access to Agriculture (33%), energy (29%), industrial metals (19%), precious metals (13%) and livestock (6%). The top three holdings in Gold, Soybeans and WTI Crude oil account for nearly one-third of the portfolio. Given its weighting to agriculture, the lacklustre performance of basic materials has been tempered slightly, but it still made a loss over the year, falling -6%. In the extreme event of this ETF provider defaulting, investors would be able to lay claim to AAA rated bonds which serve as collateral
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