Posouzení vztahu mezi výnosy ETF fondů a komoditních aktiv

Abstract

The aim of the thesis is to assess the mutual relationship between the returns of industrially oriented ETF funds and the returns of selected industrial metals traded on commodity exchanges using econometric analysis focused on regression and correlation analysis. Seven ETF funds and three industrial metals are selected for this work. The first part is focused on the theoretical part, where the field of alternative investments, the commodity market and ETF funds are described. This is followed by another part, which is focused on econometric modeling. The last part represents the application part of the thesis. Some industrial metals have been found to have a negative correlation with selected ETFs. The results are intended for investors who are looking for new investment opportunities and would like to focus on the industry and commodity market.