In a post from June 8th about Bill Gross I discussed the importance of commodity and TIPS exposure in a portfolio. Today's market provided a brilliant example of why commodities and TIPS work as diversifiers. In a day where most equity indexes were down over 1% two ETF's performed quite well: the Powershares DB Commodity Index (DBC) and iShares TIPS (TIP).
- iShares TIPS (TIP) +0.79%
- Powershares DB Commodity (DBC) +0.68%
- Dow -1.09%
- NASD -1.15%
- S&P 500 -1.41%
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