第四十六期：商品ETF及特点（上）

Group 1 - The core viewpoint of the article emphasizes the unique characteristics and advantages of commodity ETFs, which serve as effective tools for asset allocation and inflation hedging [1][2] Group 2 - Commodity ETFs are categorized into physically-backed ETFs and non-physically-backed ETFs, with the former holding physical assets like gold and the latter primarily consisting of commodity futures ETFs [1] - Commodity ETFs have a low correlation with other major asset classes, allowing for risk diversification and enhancing the risk-return profile of investment portfolios [1] - As tangible assets, commodities generally appreciate in value with inflation, making commodity ETFs a viable option for investors seeking to mitigate asset loss due to inflation [1][2] Group 3 - Commodity ETFs lower the investment threshold for commodity trading, enabling individual investors to participate in commodity markets through a more accessible fund structure [2] - The trading of ETFs is convenient, allowing investors to buy and sell fund shares on the secondary market like stocks, as well as subscribe and redeem in the primary market [2]