Filled with a comprehensive collection of information from experts in the commodity investment industry, this detailed guide shows readers how to successfully incorporate commodities into their portfolios. Created with both the professional and individual investor in mind, The Handbook of Commodity Investments covers a wide range of issues, including the risk and return of commodities, diversification benefits, risk management, macroeconomic determinants of commodity investments, and commodity trading advisors. Starting with the basics of commodity investments and moving to more complex topics, such as performance measurement, asset pricing, and value at risk, The Handbook of Commodity Investments is a reliable resource for anyone who needs to understand this dynamic market.
Most Helpful Customer Reviews
If you need to get up to speed on the academic research into commodities, this book is a useful place to start. It's dated 2008, but few of the studies reflect data or analysis after 2006. Don't expect any insight into the markets in or after the 2008 crash.
As is normal for a collection of this type, each chapter reflects a different team of authors, and certain topics are covered repeatedly. A reader who tries to work through this entire collection will find the term "roll return" or "roll yield" defined over and over again. Different readers will have different interests, and I can't predict which chapters will be of interest to others, but I found chapter 18 "Sources of Alpha in Commodity Investing" by Markus Mezger to be particularly interesting. I found only one or two chapters to be totally worthless (a trivial discussion of risk management in chapter 12 for example, and a chapter on the securitization of commodity price risk).
This is a compilation of other people's studies mushed together in 1000 pages of boring math and footnotes galore.
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