Commodity funds

Question: Do you know of any mutual funds that invest in commodities, other than the usual natural resources and precious metals funds? – Y.B.

Answer:

No, but there are two funds that specialize in commodity futures. One is the AGF Managed Futures Value Fund. I doubt you’d be interested in it, however. Its five-year average annual rate of return is -20.8% (to May 31). The other is the Friedberg Futures Fund. It has a losing three-year record but gained 25% in the past year. – G.P.