Re: tracking commodity indices

I was looking from something equivalent of PIMCO Commodity Real Return
Strategy Fund symbol PCRDX or PCRCX, neither of which is available to
non-US resident.




On Sat, 22 Nov 2003 21:59:47 GMT, Greg Goss <[EMAIL PROTECTED]> wrote:

>namsilat <[EMAIL PROTECTED]> wrote:
>
>>Is there any mutual fund or ETF in Canada that tracks various
>>commodity indices into one?
>
>Tricycle Asset Management sells a product that combines "managed
>futures" and a federal government bond.  
>
>I bought their "7a" series on behalf of the Business Development Bank.
>They are currently selling series 9 which will go live in mid-March on
>behalf of the Canadian Wheat Board.
>
>Internally, the product is 70% in a 5% eight year bond, and 30% in a
>leveraged managed futures account.  The bond portion plus some
>controls on the trading allows them to guarantee 8% gain (approx 1% a
>year non-compounded) minimum guaranteed by the government.
>
>I hold the ones that  were launched in April 2003.  The value
>skyrocketed for the first five weeks then slumped back.  I'm currently
>at less than a percent gain since April.
>
>I don't know if "managed futures" comes close to what you are asking
>for.  The broker who sold me the Tricycle notes originally tried to
>sell me a different managed futures product, but I didn't have the
>necessary minimums to look at it.