iShares Bloomberg Roll Select Broad Commodity ETF company info
CMDY
iShares Bloomberg Roll Select Broad Commodity ETF
What does iShares Bloomberg Roll Select Broad Commodity ETF do?
iShares Bloomberg Roll Select Broad Commodity ETF (NYSEARCA:CMDY) is an exchange-traded fund that aims to offer investors exposure to a broad range of commodities. This ETF seeks to track the investment results of an index composed of futures contracts on physical commodities. It utilizes the Bloomberg Roll Select Commodity Index as its benchmark, which is designed to minimize the costs associated with contango—a common challenge in commodity markets. The primary objective of iShares Bloomberg Roll Select Broad Commodity ETF is to provide a convenient and cost-effective way for investors to gain broad exposure to commodity markets, including sectors such as energy, agriculture, and metals. This strategy allows investors to diversify their portfolios beyond traditional stocks and bonds, aiming for potential inflation protection and growth over time.
Company Snapshot
Is iShares Bloomberg Roll Select Broad Commodity ETF a public or private company?
Ownership
Public
What sector is iShares Bloomberg Roll Select Broad Commodity ETF in?
Sector
ETF
Where is the head office for iShares Bloomberg Roll Select Broad Commodity ETF?
Head Office
San Francisco, United States
What year was iShares Bloomberg Roll Select Broad Commodity ETF founded?
Year Founded
2018
What does iShares Bloomberg Roll Select Broad Commodity ETF specialise in?
What are the products and/or services of iShares Bloomberg Roll Select Broad Commodity ETF?
Overview of iShares Bloomberg Roll Select Broad Commodity ETF offerings
Exposure to Broad Commodity Basket: CMDY tracks an index that holds futures contracts on a basket of 20 different commodities across various sectors. This includes agricultural commodities (corn, wheat, soybeans), energy commodities (crude oil, natural gas), and metals (gold, silver, copper).
Roll-Cost Optimized Selection: Unlike some traditional commodity ETFs, CMDY uses a specific selection strategy for the underlying futures contracts. It focuses on futures contracts with the least contango or the greatest degree of backwardation.
Potential for Diversification: By holding futures contracts on a variety of commodities, CMDY offers diversification within the commodities asset class. This helps reduce concentration risk on any single commodity's price movements.
Potential for Returns: The value of CMDY can fluctuate based on the combined performance of the underlying commodities in the futures contracts. If the prices of these commodities increase, CMDY's value can potentially rise as well.