Business
ETF Trends CEO Tom Lydon discussed the Breakwave Dry Bulk Shipping ETF (BDRY) on this week’s “ETF of the Week” podcast with Chuck Jaffe on the MoneyLife Show. BDRY is designed to reflect the daily price movements of the near-dated dry bulk freight futures. The fund offers investors unlevered exposure to dry bulk freight without the need for a futures account. It also provides transparency to investors by listing all its holdings daily. BDRY is designed to reduce the effects of rolling contracts by using a laddered strategy to buy contracts while letting existing positions expire and settle in cash. Finally, the fund is a commodity pool that issues shares that may be purchased and sold on NYSE Arca.