Research Affiliates: Improving On Traditional Commodity Indices

December 27, 2016 - 12:42pm

Commodity markets have served a critical function of risk mitigation and risk transfer for thousands of years. In fact, derivatives trading in commodities was formalized in one of the first recorded legal codes, the Mesopotamian Code of Hammurabi, around 1750 BC (Oldani, 2008, p. 2–3). Today, as in the past, commodities play a key role in controlling risk for both commercial businesses and investors.

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