Shipping ETF Trouncing Baltic Dry Index
January 10, 2014 at 12:50 PM EST
When the Baltic Dry Index (BDIY), a measure of daily charter rates to ship a variety of commodities across the globe, moves higher, ETF investors get excited about the Guggenheim Shipping ETF (NYSEArca: SEA). On the surface, the relationship appears to make sense, but the reality is SEA is not a...