“Hi, I read with interest the piece relating to the Baltic Dry Index on 27th January. Is there any traded instrument that one can invest in that tracks the index itself? Many thanks.”

Eoin Treacy's view Thank you for this question which others may have an interest in. There are shipping futures traded on the Baltic Index in London and on NYMEX but they tend to be very illiquid. There are a number of shipping ETFs which hold the shares of both bulk and tankers companies.

The US listed Guggenheim (previously Claymore) Shipping ETF is performing in line with a number of bulk shipping shares. It found support near $15 from early October and is currently testing the upper side of its range, having mostly closed an overextension relative to the 200-day MA. A sustained move above $18 would suggest a return to medium-term demand dominance.

The UK listed ETFS Russell Global Shipping Large Cap Fund has both British Pound and US Dollar versions and a similar pattern to the above fund.

Fullermoney always advises that you do your own due diligence before making any investment.


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