Rareview Capital Launches ETF Tracking Bloomberg Commodity Index
Rareview Capital has launched the Rareview Bloomberg Commodity Index ETF (BCOM), offering investors broad exposure to a diversified set of commodities. The ETF tracks the Bloomberg Commodity Index Total Return, which includes futures contracts for 22 different commodities weighted by trading volume and global economic significance. This new fund aims to provide an accessible way for portfolios to include commodity allocations alongside traditional stocks and bonds. Neil Azous, Founder and CIO at Rareview Capital, emphasized that the role of commodities in investment strategies is evolving from tactical use toward a more defined allocation within diversified portfolios. The ETF limits concentration risk by capping individual commodity weights at 15% and sector exposure at 33%. Bloomberg Index Services praised the selection as it aligns with their goal to reflect both liquidity and economic significance across global markets. The launch of BCOM reflects growing interest in incorporating commodities into mainstream investment strategies, potentially reshaping traditional portfolio allocations from a typical 60/40 stock-bond split toward one that includes a dedicated commodity component.
Topics: Bloomberg Commodity Index commodities ETF investment strategy