IndexIQ Global Resources ETF gets 5-Star Overall Morningstar Rating
The IndexIQ Global Resources ETF (GRES), the first global resources hedged exchange-traded fund, has received a 5-Star Overall Morningstar Rating and a 5-Star Three-Year Morningstar Rating as of 30 November 2012.
Introduced on 27 October 2009, GRES is the broadest commodities and natural resources ETF, including: livestock; precious metals; grains, food and fibre; energy; industrial metals; plus timber, water, and coal.
It is based on an index with over five years of live history, designed to re-weight its allocations to individual commodity sectors monthly. The fund is diversified both geographically and by sector.
“The last three years have seen tremendous growth in demand for commodities worldwide,” says Adam S Patti, chief executive officer at IndexIQ. “GRES was introduced into this market to help investors achieve broad exposure to this asset class through a single ETF with a globally diversified portfolio of holdings. The fund offers wide ranging commodities exposure in tandem with the benefits of an exchange-traded fund – liquidity, transparency, and low cost when compared to traditional commodities-oriented hedge fund vehicles.”
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