Commodity ETFs in Rough Patch as World Bank Turns Bearish
July 17, 2014 at 14:47 PM EDT
Issuing a bad omen for commodity-related exchange traded funds, the World Bank believes precious metals, oil and soft commodity prices are set to drop. Broad commodity ETFs have underperformed the broader market this year, with the PowerShares DB Commodity Index Tracking Fund (NYSEArca: DBC) flat,...