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Zurich Life Global Commodities Fund
Fund Description
The Zurich Life Global Commodities Fund is a unit-linked fund that gives you the opportunity to gain exposure to commodity returns. The fund aims to track the performance of the Goldman Sachs Commodities Index – Total Return (GSCI). It does this by investing in an Exchange Traded Fund (ETF). The GSCI is a commodity index weighted by world production and covers all the major commodity sectors with energy (oil and gas) making up the majority of the index. Other sectors included are industrial metals, precious metals, agriculture and livestock. The ETF is priced in euro. However, the vast bulk of commodities are denominated and transacted in US$, and therefore a currency risk arises for a euro investor.
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