Identify Alternative Asset Risks
Series 65 · Flashcards
SERIES 65 · FLASHCARDS
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QUESTION
What is the principal risk of commodity ETNs compared with commodity ETFs?
QUESTION
What is the key economic characteristic of commodities that drives their prices?
QUESTION
Which futures-curve condition typically creates negative roll yield for long positions?
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ANSWER
Contango. Investors rolling contracts buy at higher prices, eroding returns through negative yield on the roll.
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