Ken French: Why Investors Shouldn't Own Commodities
wealthcare.substack.com
I don't hold nor do I recommend ownership of any commodities in my clients' portfolios. I didn't always feel this way, but I do now. Just as it would be inefficient and counter-productive to own two large-cap equity funds that hold the same assets, so is the case with commodity investments. If you already own a highly diversified portfolio of stocks, you already have sufficient exposure to commodities.
Ken French: Why Investors Shouldn't Own Commodities
Ken French: Why Investors Shouldn't Own…
Ken French: Why Investors Shouldn't Own Commodities
I don't hold nor do I recommend ownership of any commodities in my clients' portfolios. I didn't always feel this way, but I do now. Just as it would be inefficient and counter-productive to own two large-cap equity funds that hold the same assets, so is the case with commodity investments. If you already own a highly diversified portfolio of stocks, you already have sufficient exposure to commodities.