Commodities Funds Add Portfolio Diversity and Risk

Investors who view the stock market rally with as much caution as pleasure, and see bonds vulnerable to rising interest rates, might want to look at commodities funds as a way to diversify their portfolios.

But they are not for everyone.

Refco's recent launch of its S&P Managed Futures Index Fund is a push to get a broader range of investors into strategies that are typically limited to the very rich, and maybe grab a bit of Pimco Funds' market share in the process. ...