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Why Are Commodities Having Such a Spectacular Year?


Why Are Commodities Having Such a Spectacular Year?
May 24, 2021
With the global economy rebounding, the surging demand for raw materials has helped commodities-related ETFs lead the charge this year.
Among the best performing non-leveraged ETFs of 2021, the
Invesco Dynamic Energy Exploration & Production ETF (PXE), which tracks companies involved in the exploration and production of natural resources used to produce energy, rose 60.9%.
The rally in the commodities market has helped commodities and commodity producer exchange traded funds, which now make up over half of the 20 best performing exchange traded products so far this year, Bloomberg reports.
ETF investors have funneled $2.6 billion this month to everything commodities-related, as consumer activity rises, construction picks, up and supply-chain bottlenecks intensify. ....

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