30.80000 EUR
0.265
0.85%
Last update Dec 16, 8:03 AM CET
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Day range
30.80000
30.80000
Previous close
31.065001
Open
30.80000
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Invesco Bloomberg Commodity Fund
30.80
0.27
0.85%

Overview

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Description

The Invesco Bloomberg Commodity Fund is an exchange-traded fund (ETF) designed to offer investors exposure to a broad range of commodities. Its main purpose is to track the performance of the Bloomberg Commodity Index, a benchmark that represents futures contracts on physical commodities in sectors including energy, agriculture, industrial metals, and precious metals. This ETF allows for diversification across approximately 20 commodity futures, reflecting the economic utility of each commodity in global markets. A notable feature of the Invesco Bloomberg Commodity Fund is its ability to provide a hedge against inflation, as commodities typically rise in price when inflation increases, preserving purchasing power. It plays a significant role in providing a liquid and efficient way for investors to gain broad exposure to commodity markets without the need to directly trade futures contracts. The fund's performance can be influenced by factors such as geopolitical events, supply and demand changes, and shifts in global economic conditions, making it a useful tool for those looking to manage risk and seek diversified growth in their investment portfolios.

About

Address
Phone
Website
Instrument type
ETF
Country
Germany
MIC code
XMUN
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