Invesco DB Base Metals Fund

DBB tracks an index of three base metal futures contracts. It selects contracts based on the shape of the futures curve to minimize contango.

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Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF

The Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) provides broad-basket commodity exposure. While the fund can stand alone, it can also be used alongside other commodity ETFs.

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With uncertainties still present and the potential of an overreaction by the market, investing in commodity ETFs with exposure to metals like gold, copper, silver and uranium is a smart strategy to reduce portfolio volatility.

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I have a hold rating on DBB due to mixed macro risks and a neutral technical chart outlook. A weaker dollar and lower interest rates could favor commodities, but global growth concerns and weak data from China are significant headwinds. DBB's holdings in zinc, copper, and aluminum, along with Treasury positions, provide some diversification for equity investors, but liquidity and tracking risks remain.

DBB: Base Metals Slammed To Start September, Weighing Macro Risks

Bullish on commodities due to potential economic recovery in China. Invesco DB Base Metals Fund ETF offers exposure to industrial metals through futures contracts. The DBB ETF provides diversification and equal weighting of copper, zinc, and aluminum, mitigating risks and capturing upside potential in the base metals sector.

DBB: Right Time, And Right Theme If China Comes Back

For investors seeking momentum, Invesco DB Base Metals Fund DBB is probably on the radar. The fund just hit a 52-week high and is up 22% from its 52-week low price of $16.77/share.

Base Metals ETF (DBB) Hits a New 52-Week High

Base metals, including copper, aluminum, and zinc, trade on the London Metals Exchange and are influenced by liquidity and price volatility. Copper prices have rallied in early Q2, while aluminum and zinc prices have also followed an upward trend. Stockpile levels of copper, aluminum, and zinc provide mixed signals about the metals' fundamentals, but China's economy remains a critical factor for base metals prices.

DBB: The Case For Copper, Aluminum, And Zinc

Base metal prices on the London Metals Exchange have fallen after reaching highs in 2022. Copper is the most closely watched base metal due to its role in infrastructure building and addressing climate change.

Reasons To Consider Increasing Base Metals Exposure Via The DBB ETF

U.S. interest rates rose to the highest level since 2007, supporting a rally in the U.S. dollar index. High interest rates and a strong U.S. currency weighed on base metals prices. There are compelling reasons for higher base metals prices in 2024, including falling U.S. interest rates and a weaker U.S. dollar.

DBB: Aluminum, Zinc, And Copper In 2024

DBB provides a rare opportunity for gaining exposure to futures contracts on three highly-liquid base metals: copper, aluminum, and zinc. Cu, Al, and Zn are expected to see a significant boom in demand long-term given the important role they will play in the global energy transition. These three metals have seen a rough year in terms of price performance, down about 8% on average in the past year.

DBB: Base Metal ETF For The Energy Transition Watchlist

Invesco DB Base Metals Fund ETF is a compelling commodity ETF below $20, owning aluminum, copper, and zinc. Base metals prices have declined significantly, with copper, aluminum, and zinc under pressure. Rising interest rates and a stronger U.S. dollar have pushed prices lower, but the trajectory of rate increases is expected to slow.

DBB In The Buy Zone

London Metals Exchange (LME) is the global hub for base metals trading, with China being the leading consumer of these metals. Copper, aluminum, and zinc prices have been declining in recent weeks and months. The Invesco DB Base Metals Fund tracks a portfolio of the most liquidly traded LME metals and presents an opportunity to invest in these metals at current price levels.

DBB Falls - Time To Put The ETF On Your Investment Radar

The Invesco DB Base Metals Fund ETF offers a diversified exposure to base metals, making it a compelling investment opportunity due to the expected recovery in the base metals market. China's economic stimulus and proactive approach to support its economic recovery are expected to drive a surge in base metal demand, positively impacting DBB. DBB is a cost-effective and convenient method for investors to invest in commodity futures, with a management fee of 0.75% and a total expense ratio of 0.77%.

DBB: A Shining Opportunity Amid China's Economic Recovery

Industrial metals have regained substantial momentum over the last three months, and it will be important to keep track of this in the coming weeks. This momentum is likely to have limited upside potential as cyclical and super-cyclical factors reassert themselves in the short to medium term.

DBB: Bear Market Likely To Resume

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Investing in Metals ETFs

Base metals may show resilience in 2023, despite a declining macroeconomic outlook. My technical analysis framework based on Trend Flow, Support/Resistance Location and False Breakout Traps suggests that the Invesco DB Base Metals ETF is in balance, but may be gearing up for outperformance.

DBB: Recession And Inflation Keep Industrial Metals In Balance

Copper has suffered in 2022 like a majority of assets, but a brighter outlook in 2023 could see higher prices for the industrial metal. An additional catalyst could be the reopening of China's economy.

Copper Rebound in 2023 Bodes Well for This Base Metals ETF

Let's talk metal. No, not Van Halen or Black Sabbath. Metal as in the Invesco DB Base Metals Fund (DBB), which may be set to put on a good show for investors.

DBB: Metals ETF Ready to Rock?

In March, we argued that commodities are likely to turn down as a commodity shock gives way to a growth shock. Deflationary forces are now making themselves felt not only in cyclical leaders like precious metals, but in every single industrial metal.

DBB: The Cyclical Downturn Has Likely Begun

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Commodity ETFs in Focus Amid Rising Inflation & Ukraine Crisis

The war in Ukraine has disrupted the production and shipment of multiple commodities, including oil, wheat, and nickel. As a result, commodities are looking to enjoy their best quarter in more than three decades.

Commodities Set for Best Quarter Since 1990

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United States Natural Gas Fund LP

United States Oil Fund LP

Teucrium Wheat Fund

Evaluating the performance of these ETPs since Russia invaded Ukraine a little over a month ago, I found some rather lackluster numbers.

Point Hedges ETP Performance During Invasion Of Ukraine

United States Copper Index Fund

VanEck Vectors Gold Miners ETF

iPath Bloomberg Nickel Subindex Total Return ETN

Aberdeen Standard Physical Palladium Shares ETF 

Though industrial and precious metals have different performance drivers, both are hot areas of the market right now.

Metals Heating Up

United States Brent Oil Fund LP

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United States Commodity Index Fund

Russia and Ukraine hold important positions as exporters in the global commodities market. Thus, the escalation in tensions has sparked a rally in a broad range of commodities.

Commodity ETFs Rally Continues Amid Russia-Ukraine Conflict

The materials ETF DBB hit a 52-week high. Can it soar higher?

News for Invesco DB Base Metals Fund ETF (DBB)