A Compelling Outlook for This Commodities ETF

Core Insights - The Neuberger Berman Commodity Strategy ETF (NBCM) has increased nearly 18% in 2025, driven primarily by precious metals like gold and silver [1] - NBCM, with nearly $296 million in assets under management, allocates 26.6% of its portfolio to precious metals, indicating strong performance this year and potential for continued success into 2026 [3][4] - Market analysts predict that the bull market for precious metals may expand into industrial metals such as copper and aluminum in 2026, influenced by anticipated changes in Federal Reserve leadership and economic conditions [4][5] Group 1 - NBCM is positioned for potential upside in 2026 due to its active management and broad exposure to the commodities market [2][4] - The ETF's allocation includes 16% to industrial metals, with aluminum among its top holdings, suggesting a strategic approach to capitalize on future market trends [5][6] - Citi forecasts a constructive medium-term outlook for copper, estimating a base case price of $12,000 per ton, which represents approximately 20% upside over the next six to twelve months [7]