The iShares S&P GSCI Commodity-Indexed Trust (GSG) is a prominent exchange-traded fund (ETF) that provides investors exposure to a broad range of commodities. As of July 5, 2023, it has a market cap of $858.19 million. The fund was launched by BlackRock, the world's largest asset manager, in 2006 as part of its iShares suite of ETFs.
It tracks the S&P GSCI Total Return Index, which provides a diversified and investable benchmark for commodity markets. It is designed to reflect the performance of the index, offering exposure to energy, industrial and precious metals, agricultural, and livestock commodities. Its creation marked a significant milestone in providing investors easier access to commodity markets, traditionally an area dominated by institutional investors.
The iShares S&P GSCI ETF, has had a dynamic share price history since its launch by BlackRock in 2006. Over the past five years, its share price has experienced various fluctuations. It plummeted to a low of $7.50 in April 2020 amidst the unprecedented economic disruption caused by the COVID-19 pandemic. Conversely, it reached a high of $26.49 in June 2022 during a period of strong global economic recovery and rising commodity prices.
Traders use a variety of tools and indicators to analyse GSG's performance. These include technical analysis tools such as the bulls and bears power indicator, moving averages, and Relative Strength Index (RSI), as well as fundamental analysis tools like global economic indicators and commodity market trends. These tools may help investors make informed decisions regarding their investments in iShares S&P GSCI, offering insights into its historical performance and potential future direction.
Prior to trading the iShares S&P GSCI ETF, it's crucial to consider its competitors in the commodity ETF space.
Firstly, the Invesco DB Commodity Index Tracking Fund (DBC) is a prominent competitor that provides broad exposure to commodities using a rules-based approach, making it a diversified choice for investors.
Secondly, the Teucrium Wheat Fund (WEAT) offers a more specific focus on wheat futures contracts. This ETF can be an interesting alternative for those looking to invest in agricultural commodities specifically.
Lastly, the United States Brent Oil Fund LP (BNO) is another competitor worth considering. Unlike iShares S&P GSCI , which covers a broad range of commodities, BNO focuses exclusively on Brent crude oil futures, making it a targeted play on energy markets.
Each of these funds offers a unique perspective on commodity investing and may be considered when exploring trades in iShares S&P GSCI.
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* The spreads provided are a reflection of the time-weighted average. Though Skilling attempts to provide competitive spreads during all trading hours, clients should note that these may vary and are susceptible to underlying market conditions. The above is provided for indicative purposes only. Clients are advised to check important news announcements on our Economic Calendar, which may result in the widening of spreads, amongst other instances.
The above spreads are applicable under normal trading conditions. Skilling has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions'.
Why Trade [[data.name]]
Make the most of price fluctuations - no matter what direction the price swings and without capital restrictions that come with buying the underlying asset.