Brazil Eyes Record Grain Harvest As China Demand Booms ibtimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ibtimes.com Daily Mail and Mail on Sunday newspapers.
Commodity ETFs are the best way to play green energy revolution
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Rather than buy renewable energy ETFs, investors may want to consider commodity exposure.
Governments around the world are committed to combating climate change, with many pledging to become ‘carbon neutral’ at some future date. More than 170 nations have signed up to the Paris Climate Agreement, which commits them to trying to keep global warming below two degrees Celsius.
To achieve this, governments will have to try and rapidly reduce the use of fossil fuels used by both industry and individuals. To achieve this, governments have passed legislation and formulated policies to try and encourage the abandonment of fossil fuels in favour of alternative energy sources such as wind and solar, as well the development of new storage methods, notably batteries. In particular, governments are now trying to phase out the use of petrol-powered cars in favour of electric vehicles.
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Broad Risk Reduction from Funds Failed to Spoil Strong Q1 for CommoditiesThe below summary highlights futures positions and changes made by hedge funds across commodities, forex, bonds and stock indices up until last Tuesday, March 30. A week that saw renewed selling of the tech heavy Nasdaq, as US ten-year yields climbed to the highest since January 2020 and the dollar rose. The Bloomberg Commodity index finished a strong quarter despite five consecutive weeks of net selling from hedge funds.
1 hour ago (Apr 06, 2021 01:09 PM GMT)
Saxo Bank publishes weekly Commitment of Traders reports (COT) covering leveraged fund positions in commodities, bonds and stock index futures. For IMM currency futures and the VIX, we use the broader measure called non-commercial.
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NEW YORK, April 6, 2021 /PRNewswire/ Bloomberg today announced that an independent assurance review of the Bloomberg Short-Term Bank Yield Index (BSBY) confirmed that the short-term credit sensitive index adheres to the International Organization of Securities Commissions (IOSCO) Principles for Financial Benchmarks. The review was conducted by a global, independent accounting firm and the final report is expected to be available shortly. Alignment with the IOSCO Principles is an important milestone, and recognizes BSBY adheres to industry best practices, said Steve Berkley, CEO of Bloomberg Index Services Limited (BISL) at Bloomberg. An increasing number of financial institutions and corporations are looking to BSBY for their loan products as they transition away from LIBOR, and we will continue to support their needs as they work to ensure compliance with regulatory timelines.
Canadian Dollar Shows It Has Swagger as Supercyclists Hop Aboard yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.