SPDR S&P Global Natural ResourcesGNR

ETF Research and Analysis

by Alex Bryan
Suitability
Despite their volatility, stocks linked to natural resources can provide significant diversification benefits and inflation protection. Natural resources are key inputs whose prices inversely affect the profitability of   Read more 

Bull Case

The fund provides low cost, diversified global equity exposure to natural resources.
Long-run growth in demand for commodities from emerging markets is a tailwind that should benefit the fund's holdings.
GNR's equity exposure to commodities allows investors to avoid some of the risks associated with investing in the underlying commodities, such as negative roll-yields. Read more 

Bear Case

Weakness in China and Europe may continue to weigh on the fund's holdings.
The performance of the fund's holdings may not match the performance of the underlying commodities.
Correlations between commodities have increased, which may reduce the fund's diversification benefits.  Read more 

First Name
Last Name
Email Address
Zip Code
Create Password
Verify Password
(6-15 characters; case sensitive)
What is your occupation or job title?
  • Select...
    • Your registration indicates agreement to the terms of use.
    Download analysis,research,report

    Top Picks From Morningstar's Strategists  
    Watch more 

    Premium Membership

    View all of our analyst reports with a free trial to Morningstar.com Premium.