PT  - JOURNAL ARTICLE
AU  - Benjamin McMillan
AU  - Josh Myers
TI  - Harnessing the Power of Exchange-Traded Products for Commodity Exposure
AID  - 10.3905/jbis.2023.1.029
DP  - 2023 Feb 28
TA  - The Journal of Beta Investment Strategies
PG  - 11--27
VI  - 14
IP  - 1
4099  - https://pm-research.com/content/14/1/11.short
4100  - https://pm-research.com/content/14/1/11.full
AB  - Exchange-traded products have proven to be an efficient and effective means for investors to gain access to asset classes such as commodities. After several years of a prolonged drawdown, commodities are beginning to regain favor with investors; however, excessive volatility and the historic propensity for large drawdowns remain an impediment for the asset class. Active managers have long successfully used time-tested principles, such as momentum, to successfully regulate exposure to commodities. In this article, the author puts forth a straightforward methodology using time-series momentum applied to commodity exchange-traded products to produce a dynamic portfolio that can provide exposure to the asset class while mitigating risk.