Our investment committee has decided to remove our small commodity exposure from our portfolios. At this point, the investment committee has no basis to expect a positive return from commodities above inflation. We feel that other real assets (e.g., real estate) and the 10,000 public stock companies provide a better inflation hedge than commodities, since companies produce the same goods and services that comprise the consumer price index (CPI) of inflation.
Find Peace with Money through Mindfulness
June 8, 2023
