Optimal Yield Commodity ETF (XDBD)

jon3001

Not new but I only came across it the other day:
Deutsche Bank Liquid Commodity Index™- Optimum Yield balanced ETF (XDBD) seeks to optimise the roll yield that will maximise the positive roll yield or minimise the negative roll yield.

Does anyone have any opinions on this ETF?

At the moment I've got passive commodity exposure via FAIG as well as the Marlborough ETF Commodity Fund Accumulation. FAIG attempts to minimise contango by using longer-dated contracts.

Both FAIG and XDBD seemed to suffer similar (50%) declines during the slump last year.

Over the past 12 months XDBD seems to have been the winner about a 40% rise vs FAIG's 15%. Not much history granted.

Both seem to have a reasonable sector spread with FAIG having exposure to more individual commodities (19) vs XDBD (14).

cloud_dog

Jon, just a note but the Marlborough Commodities fund holds about 8% in XBDC,which I think is the GBP priced version.

Incidentally, I have been very dissapointed by the performance of the Marlborough Commoditites fund. Whilst I wasn't expecting stratospheric growth (as seen a couple of years ago) a number of commodities have rebounded back to or near, or above their old (pre-credit crunch) highs and yet the fund has been pretty much range bound (116p - 124p).

Either this is a relfection of the manager / style or a reflection of how the investment vehilces are working, or a reflection of exchange rate movements during this period. Or, (just to hedge my bets) a reflection of one or all of the above.