Commodities tend to offer three strong benefits to portfolios: diversification, inflation protection, and return potential. Commodities have been the best-performing asset class in the last three years as of 3/31/2023 with the BCOM index outperforming both the S&P 500 and the Bloomberg Global Aggregate Index. This is likely due to fundamentally driven, structural dynamics in the sector, including underinvestment. But the strong recent performance has also been enhanced by ongoing geopolitical developments, highlighting how commodities may provide critical portfolio diversification during inflationary periods. This ... (full story)