“Cornerstone Worldwide” Advocate Commodity ETF Investment

Sept. 29, 2008 - PRLog -- Cornerstone Worldwide is believed to have advised clients to add to commodity positions as the global financial crisis deepens.

Sources close to Cornerstone Worldwide said that the advice was reportedly issued to investors via an analyst note. The Asian-based wealth management firm apparently sees commodity values increasing as investors become more biased toward capital preservation in the light of sustained uncertainty in financial markets.

Cornerstone Worldwide is thought to be recommending ETFs (Exchange-Traded Funds) as an easy way to gain entry to the market for raw materials without having to deal with storage. The ETFs track the values of the specific commodity and allow for easy entry and exit.

Cornerstone Worldwide manages some $3 billion on behalf of investors globally.