Simple Tests of USO as Diversifier
May 24, 2013 - Commodity Futures, Strategic Allocation
It is plausible that crude oil as a dominant energy commodity has return characteristics substantially different from those of other commodities and asset classes, and therefore represents a good diversification opportunity. To check, we add the United States Oil Fund (USO) to the following mix of asset class proxies (the same used in “Simple Asset Class ETF… Keep Reading