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Fast Funds: New Commodity ETF

Monday, 9 Aug 2010 | 5:32 PM ET

Interested in trading commodities but worried contracts are too tricky for a retail investor to navigate? A new ETF hopes to bridge that gap.

On Tuesday a brand new sercurity called the U.S. Commodity Index Fund will begin trading on the NYSE under the ticker USCI.

Here's what you should know:

HOW U.S. COMMODITY INDEX ETF WORKS:

- Tracks 14 Commodities Each Month
- Commodities In ETF Selected From Pool Of 27
- Selected Commodities Have Lowest Inventories

U.S. COMMODITY INDEX FUND WEIGHTINGS / AUGUST 2010
Energy 14.29%
Livestock 7.14%
Grains 14.29%
Industrial Metals 21.43%
Precious Metals 21.43%
Softs 21.43%

Learn more about this new ETF from Kurt Nelson of Summer Haven Investment Management. Watch the video now!

Fast Funds: New Commodity ETF
A look ahead of the new commodity ETF to launch tomorrow, with Kurt Nelson, SummerHaven Investment Management.




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Trader disclosure: On Aug 9, 2010, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Adami owns (AGU), (BTU), (NUE), (C), (GS), (INTC), (MSFT); Adami’s wife works at Merck; Finerman owns (AAPL); Finerman's firm owns (ARM); Finerman & Finerman's firm owns (BAC); Finerman’s firm owns (BBY); Finerman's firm owns (LEA); Finerman’s firm owns (KFT); Finerman & Finerman's firm owns (JPM); Finerman & Finerman's firm owns (RIMM); Finerman’s firm owns (TSX); Finerman’s firm owns (GYMB); Finerman’s firm owns (PLCE); Finerman's firm owns (WMT); Finerman's firm owns (DAN); Finerman's firm is short (IJR); Finerman's firm is short (MDY); Finerman's firm is short (SPY); Finerman's firm is short (IWM); Finerman’s firm owns S&P 500 puts; Finerman’s firm owns Russell 2000 puts; Pete Najarian owns (HPQ) call spread; Pete Najarian owns (RIMM) call spread; Pete Najarian owns (GS) calls; Pete Najarian owns (V) call spread; Cortes owns (CIB); Cortes owns (FCX); Cortes owns (OAS); Cortes owns (QQQQ); Cortes is short US Treasuries; Cortes is short the Japanese Yen; Stutland is long (TLT) and short calls; Stutland owns US treasuries

For Brian Kelly
Accounts managed by Kanundrum Capital own (INTC)
Accounts managed by Kanundrum Capital own (RIMM)
Accounts managed by Kanundrum Capital own (ECA)
Accounts managed by Kanundrum Capital own (JPM)
Accounts managed by Kanundrum Capital own (C)
Accounts managed by Kanundrum Capital own (TLT)

For Patty Edwards
Edwards owns (SPY) for clients
Edwards owns (QQQQ) for clients
Edwards owns (HPQ) for clients
Edwards owns (QCOM) for clients
Edwards owns (AAPL) for clients
Edwards owns (VZ) for clients
Edwards owns (C) for clients
Edwards owns (BAC) for clients
Edwards owns (MCD) for clients

For Joe LaVorgna
***No Disclosures***

For Will Power
Robert W. Baird & Co. and/or its affiliates expect to receive or intend to seek investment banking related compensation from (RIMM), (MOT), (NOK), (GOOG), (AAPL) within the next 3 months.

For David Bank
RBC Capital Markets is currently providing The Walt Disney Company with non-securities services

RBC Capital Markets has provided The Walt Disney Company with non-securities services in the past 12 months

For Kurt Nelson
SummerHaven Index Management is the creator and licensor of the SDCI to the U.S. Commodity Index Fund, and SummerHaven Investment Management is the trading advisor to USCI

For Eric Jackson
Ironfire Capital is long (MSFT)

For Nishu Sood
(DHI), (RYL) are investment banking clients of Deutsche Bank

(DHI) has been a client of Deutsche Bank Securities Inc. within the past year, during which time it received non-investment banking securities-related services

Deutsche Bank has received non-investment banking related compensation from (MTH), (RYL) within the past year.


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  • Chief Market Strategist for Virtus Investment Partners & CNBC Contributor

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