ETFs are investment funds that are traded on an exchange and typically track a specified benchmark 1 Australian ETF figures used here exclude exchange-traded managed funds, which account for around $2 billion in AUM; however, the Exchange-traded commodities offer opportunities to invest in markets like livestock, metals, and energies that are otherwise difficult to access. An ETC can invest in one commodity or in a A commodities exchange is an exchange, or market, where various commodities are traded. Most commodity markets around the world trade in agricultural products and other raw materials. Trading includes and various types of derivatives contracts based on these commodities, such as forwards, futures and options, as well as spot trades. A futures contract provides that an agreed quantity and quality of the commodity will be delivered at some agreed future date. A farmer raising corn can sell a futur