Investors continue to plow money into expensive assets and ignore one of the cheapest assets in the world – commodities. Because commodities have drastically underperformed stocks and bonds during the current cycle, commodities are severely under-owned in most portfolios. This is not surprising, as most portfolios tend to be backwards looking (i.e. let’s buy what’s worked recently).
![](https://static.wixstatic.com/media/d9022d_75c80e7fe0354bce80bba4b30cb1acc8~mv2.jpg/v1/fill/w_147,h_98,al_c,q_80,usm_0.66_1.00_0.01,blur_2,enc_auto/d9022d_75c80e7fe0354bce80bba4b30cb1acc8~mv2.jpg)