We reiterate PDBC, known as the world's most diversified commodity fund that holds futures in energy, agriculture and metals as a TOP PICK. The risk of rising inflation historically leads to dramatic increases in these commodity classes. We recommend trailing up the stop (from $14.00) to $16.50, looking to achieve $22 -- upside potential over 18%. Yield 0%
(A Top Pick May 21/26, Down 9.9%)Stockchase Research Editor: Michael O'Reilly
Our PAST TOP PICK with PDBC has triggered its stop at $16.50. To remain disciplined, we recommend covering the position at this time. When combined with previous guidance, this will result in a net investment loss of 9%.
PDBC is known as the world's most diversified commodity fund that holds futures in energy, agriculture and metals. Rising inflation historically leads to dramatic increases in these commodity classes. Its beta to the equity market is only 0.8. Its MER is 0.7%. We recommend setting a stop-loss at $14, looking to achieve $23 -- upside potential over 25%. Yield 0%
We reiterate PDBC, known as the world's most diversified commodity fund that holds futures in energy, agriculture and metals as a TOP PICK. The risk of rising inflation historically leads to dramatic increases in these commodity classes. We recommend trailing up the stop (from $14.00) to $16.50, looking to achieve $22 -- upside potential over 18%. Yield 0%