{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2026,6,27]],"date-time":"2026-06-27T09:00:20Z","timestamp":1782550820304,"version":"3.54.5"},"reference-count":60,"publisher":"Springer Science and Business Media LLC","issue":"1-2","license":[{"start":{"date-parts":[[2018,8,4]],"date-time":"2018-08-04T00:00:00Z","timestamp":1533340800000},"content-version":"tdm","delay-in-days":0,"URL":"http:\/\/www.springer.com\/tdm"}],"content-domain":{"domain":["link.springer.com"],"crossmark-restriction":false},"short-container-title":["Ann Oper Res"],"published-print":{"date-parts":[[2019,11]]},"DOI":"10.1007\/s10479-018-2996-7","type":"journal-article","created":{"date-parts":[[2018,8,4]],"date-time":"2018-08-04T03:17:10Z","timestamp":1533352630000},"page":"155-177","update-policy":"https:\/\/doi.org\/10.1007\/springer_crossmark_policy","source":"Crossref","is-referenced-by-count":19,"title":["Can commodities dominate stock and bond portfolios?"],"prefix":"10.1007","volume":"282","author":[{"ORCID":"https:\/\/orcid.org\/0000-0002-7930-1169","authenticated-orcid":false,"given":"Tom Erik S\u00f8nsteng","family":"Henriksen","sequence":"first","affiliation":[],"role":[{"vocabulary":"crossref","role":"author"}]},{"ORCID":"https:\/\/orcid.org\/0000-0001-8876-2429","authenticated-orcid":false,"given":"Alois","family":"Pichler","sequence":"additional","affiliation":[],"role":[{"vocabulary":"crossref","role":"author"}]},{"given":"Sjur","family":"Westgaard","sequence":"additional","affiliation":[],"role":[{"vocabulary":"crossref","role":"author"}]},{"given":"Stein","family":"Frydenberg","sequence":"additional","affiliation":[],"role":[{"vocabulary":"crossref","role":"author"}]}],"member":"297","published-online":{"date-parts":[[2018,8,4]]},"reference":[{"issue":"5","key":"2996_CR1","doi-asserted-by":"publisher","first-page":"14","DOI":"10.2469\/faj.v43.n5.14","volume":"43","author":"KP Ambachtsheer","year":"1987","unstructured":"Ambachtsheer, K. P. (1987). Pension fund asset allocation: In defense of a 60\/40 equity\/debt asset mix. Financial Analysts Journal, 43(5), 14\u201324.","journal-title":"Financial Analysts Journal"},{"issue":"9","key":"2996_CR2","doi-asserted-by":"publisher","first-page":"2455","DOI":"10.1016\/j.jbankfin.2012.05.003","volume":"36","author":"J Belousova","year":"2012","unstructured":"Belousova, J., & Dorfleitner, G. (2012). On the diversification benefits of commodities from the perspective of euro investors. Journal of Banking & Finance, 36(9), 2455\u20132472.","journal-title":"Journal of Banking & Finance"},{"key":"2996_CR3","doi-asserted-by":"publisher","first-page":"1","DOI":"10.1016\/j.jbankfin.2015.06.021","volume":"60","author":"W Bessler","year":"2015","unstructured":"Bessler, W., & Wolff, D. (2015). Do commodities add value in multi-asset portfolios? An out-of-sample analysis for different investment strategies. Journal of Banking & Finance, 60, 1\u201320. https:\/\/doi.org\/10.1016\/j.jbankfin.2015.06.021 . ISSN 0378-4266.","journal-title":"Journal of Banking & Finance"},{"key":"2996_CR4","doi-asserted-by":"publisher","unstructured":"Bhardwaj, G., Gorton, G., & Rouwenhorst, G. (2015). Facts and fantasies about commodity futures ten years later. Technical report, The National Bureau of Economic Research, June 2015. https:\/\/doi.org\/10.3386\/w21243 .","DOI":"10.3386\/w21243"},{"issue":"4","key":"2996_CR5","doi-asserted-by":"publisher","first-page":"527","DOI":"10.1080\/14697688.2013.769689","volume":"13","author":"C Brooks","year":"2013","unstructured":"Brooks, C., & Prokopczuk, M. (2013). The dynamics of commodity prices. Quantitative Finance, 13(4), 527\u2013542. https:\/\/doi.org\/10.1080\/14697688.2013.769689 .","journal-title":"Quantitative Finance"},{"issue":"3","key":"2996_CR6","first-page":"1842","volume":"30","author":"B Cao","year":"2010","unstructured":"Cao, B., Jayasuriya, S., & Shambora, W. (2010). Holding a commodity futures index fund in a globally diversified portfolio: A placebo effect. Economics Bulletin, 30(3), 1842\u20131851.","journal-title":"Economics Bulletin"},{"issue":"1","key":"2996_CR7","doi-asserted-by":"publisher","first-page":"108","DOI":"10.3905\/joi.2011.20.1.108","volume":"20","author":"D Chaves","year":"2011","unstructured":"Chaves, D., Hsu, J., Li, F., & Shakernia, O. (2011). Risk parity portfolio vs. other asset allocation heuristic portfolios. The Journal of Investing, 20(1), 108\u2013118.","journal-title":"The Journal of Investing"},{"issue":"1","key":"2996_CR8","doi-asserted-by":"publisher","first-page":"419","DOI":"10.1146\/annurev-financial-110613-034432","volume":"6","author":"I-H Cheng","year":"2014","unstructured":"Cheng, I.-H., & Xiong, W. (2014). Financialization of commodity markets. Annual Review of Financial Economics, 6(1), 419\u2013441.","journal-title":"Annual Review of Financial Economics"},{"key":"2996_CR9","unstructured":"Commodity Futures Trading Commission. (2008). Staff report on commodity swap dealers & index traders with commission recommendations. Technical Report, CFTC, September 2008."},{"issue":"4","key":"2996_CR10","doi-asserted-by":"publisher","first-page":"8","DOI":"10.3905\/jai.2017.19.4.008","volume":"19","author":"RT Daigler","year":"2017","unstructured":"Daigler, R. T., Dupoyet, B., & You, L. (2017). Spicing up a portfolio with commodity futures: Still a good recipe? The Journal of Alternative Investments, 19(4), 8\u201323.","journal-title":"The Journal of Alternative Investments"},{"issue":"10","key":"2996_CR11","doi-asserted-by":"publisher","first-page":"2606","DOI":"10.1016\/j.jbankfin.2011.02.022","volume":"35","author":"C Daskalaki","year":"2011","unstructured":"Daskalaki, C., & Skiadopoulos, G. (2011). Should investors include commodities in their portfolios after all? New evidence. Journal of Banking & Finance, 35(10), 2606\u20132626. https:\/\/doi.org\/10.1016\/j.jbankfin.2011.02.022 .","journal-title":"Journal of Banking & Finance"},{"key":"2996_CR12","doi-asserted-by":"publisher","first-page":"250","DOI":"10.1016\/j.jempfin.2017.07.004","volume":"44","author":"C Daskalaki","year":"2017","unstructured":"Daskalaki, C., Skiadopoulos, G., & Topaloglou, N. (2017). Diversification benefits of commodities: A stochastic dominance efficiency approach. Journal of Empirical Finance, 44, 250\u2013269.","journal-title":"Journal of Empirical Finance"},{"key":"2996_CR13","doi-asserted-by":"publisher","first-page":"32","DOI":"10.1016\/j.irfa.2015.02.006","volume":"39","author":"R Demirer","year":"2015","unstructured":"Demirer, R., Lee, H.-T., & Lien, D. (2015). Does the stock market drive herd behavior in commodity futures markets? International Review of Financial Analysis, 39, 32\u201344.","journal-title":"International Review of Financial Analysis"},{"issue":"2","key":"2996_CR14","doi-asserted-by":"publisher","first-page":"548","DOI":"10.1137\/S1052623402420528","volume":"14","author":"D Dentcheva","year":"2003","unstructured":"Dentcheva, D., & Ruszczy\u0144ski, A. (2003). Optimization with stochastic dominance constraints. SIAM Journal on Optimization, 14(2), 548\u2013566. https:\/\/doi.org\/10.1137\/S1052623402420528 .","journal-title":"SIAM Journal on Optimization"},{"key":"2996_CR15","doi-asserted-by":"publisher","first-page":"433","DOI":"10.1016\/j.jbankfin.2005.04.024","volume":"30","author":"D Dentcheva","year":"2006","unstructured":"Dentcheva, D., & Ruszczy\u0144ski, A. (2006). Portfolio optimization with stochastic dominance constraints. Journal of Banking & Finance, 30, 433\u2013451. https:\/\/doi.org\/10.1016\/j.jbankfin.2005.04.024 .","journal-title":"Journal of Banking & Finance"},{"key":"2996_CR16","doi-asserted-by":"publisher","unstructured":"Dentcheva, D., & Ruszczy\u0144ski, A. (2011). Portfolio optimization with risk control by stochastic dominance constraints. In: Infanger, G. (ed), Stochastic programming, volume 150 of international series in operations research & management science, Chapter\u00a09 (pp. 189\u2013211). Springer Science+Business Media, LLC, https:\/\/doi.org\/10.1007\/978-1-4419-1642-6 .","DOI":"10.1007\/978-1-4419-1642-6"},{"issue":"2","key":"2996_CR17","doi-asserted-by":"publisher","first-page":"26","DOI":"10.2469\/faj.v70.n2.1","volume":"70","author":"R Doeswijk","year":"2014","unstructured":"Doeswijk, R., Lam, T., & Swinkels, L. (2014). The global multi-asset market portfolio 1959\u20132012. Financial Analysts Journal, 70(2), 26\u201341.","journal-title":"Financial Analysts Journal"},{"key":"2996_CR18","unstructured":"Dwyer, A., Gardner, G., & Williams, T. et\u00a0al. (2011). Global commodity markets-price volatility and financialisation. Reserve Bank of Australia Bulletin, June, pp. 49\u201357."},{"issue":"2","key":"2996_CR19","doi-asserted-by":"publisher","first-page":"69","DOI":"10.2469\/faj.v62.n2.4084","volume":"62","author":"CB Erb","year":"2006","unstructured":"Erb, C. B., & Harvey, C. R. (2006). The strategic and tactical value of commodity futures. Financial Analysts Journal, 62(2), 69\u201397. https:\/\/doi.org\/10.2469\/faj.v62.n2.4084 .","journal-title":"Financial Analysts Journal"},{"issue":"4","key":"2996_CR20","doi-asserted-by":"publisher","first-page":"10","DOI":"10.2469\/faj.v69.n4.1","volume":"69","author":"CB Erb","year":"2013","unstructured":"Erb, C. B., & Harvey, C. R. (2013). The golden dilemma. Financial Analysts Journal, 69(4), 10\u201342.","journal-title":"Financial Analysts Journal"},{"key":"2996_CR21","unstructured":"Faber, M. (2015). Global asset allocation: A survey of the world\u2019s top asset allocation strategies. The Idea Farm, LP. ISBN:978-0-9886799-2-4."},{"issue":"1","key":"2996_CR22","doi-asserted-by":"publisher","first-page":"33","DOI":"10.1007\/s10107-009-0326-1","volume":"130","author":"CI F\u00e1bi\u00e1n","year":"2009","unstructured":"F\u00e1bi\u00e1n, C. I., Mitra, G., & Roman, D. (2009). Processing second order stochastic dominance models using cutting plane representations. Mathematical Programming, 130(1), 33\u201337. https:\/\/doi.org\/10.1007\/s10107-009-0326-1 .","journal-title":"Mathematical Programming"},{"key":"2996_CR23","doi-asserted-by":"crossref","unstructured":"Fabozzi, F\u00a0. J., Fuss, R., & Kaiser, D\u00a0. G. (2008). The handbook of commodity investing (pp. 156). Wiley.","DOI":"10.1002\/9781118267004"},{"key":"2996_CR24","doi-asserted-by":"crossref","unstructured":"F\u00f6llmer, H., & Schied, A. (2004) Stochastic finance: An introduction in discrete time. In: de Gruyter studies in mathematics, vol. 27. Berlin, Boston: De Gruyter. http:\/\/books.google.com\/books?id=cL-bZSOrqWoC .","DOI":"10.1515\/9783110212075"},{"key":"2996_CR25","unstructured":"Geman, H. (2009). Commodities and commodity derivatives: Modeling and pricing for agriculturals, metals and energy. Wiley. ISBN 978-0-470-01218-5."},{"issue":"2","key":"2996_CR26","doi-asserted-by":"publisher","first-page":"47","DOI":"10.2469\/faj.v62.n2.4083","volume":"62","author":"G Gorton","year":"2006","unstructured":"Gorton, G., & Rouwenhorst, K. G. (2006). Facts and fantasies about commodity futures. Financial Analysts Journal, 62(2), 47\u201368. https:\/\/doi.org\/10.2469\/faj.v62.n2.4083 .","journal-title":"Financial Analysts Journal"},{"issue":"2","key":"2996_CR27","doi-asserted-by":"publisher","first-page":"1","DOI":"10.1007\/s10479-013-1369-5","volume":"236","author":"WJ Gutjahr","year":"2013","unstructured":"Gutjahr, W. J., & Pichler, A. (2013). Stochastic multi-objective optimization: A survey on non-scalarizing methods. Annals of Operations Research, 236(2), 1\u201325. https:\/\/doi.org\/10.1007\/s10479-013-1369-5 .","journal-title":"Annals of Operations Research"},{"issue":"1","key":"2996_CR28","doi-asserted-by":"publisher","first-page":"187","DOI":"10.1111\/iere.12099","volume":"56","author":"JD Hamilton","year":"2015","unstructured":"Hamilton, J. D., & Wu, J. C. (2015). Effects of index-fund investing on commodity futures prices. International Economic Review, 56(1), 187\u2013205.","journal-title":"International Economic Review"},{"key":"2996_CR29","doi-asserted-by":"publisher","first-page":"1285","DOI":"10.1093\/rfs\/hhu091","volume":"28","author":"BJ Henderson","year":"2014","unstructured":"Henderson, B. J., Pearson, N. D., & Wang, L. (2014). New evidence on the financialization of commodity markets. Review of Financial Studies, 28, 1285\u20131311.","journal-title":"Review of Financial Studies"},{"key":"2996_CR30","unstructured":"Idzorek, T.\u00a0M., Till, H., & Eagleeye, J. (2007). Commodities and strategic asset allocation. In Intelligent commodity investing, risk books. pp. 113\u2013177."},{"issue":"03","key":"2996_CR31","doi-asserted-by":"publisher","first-page":"371","DOI":"10.1017\/S1074070800000481","volume":"44","author":"SH Irwin","year":"2012","unstructured":"Irwin, S. H., & Sanders, D. R. (2012). Financialization and structural change in commodity futures markets. Journal of Agricultural and Applied Economics, 44(03), 371\u2013396.","journal-title":"Journal of Agricultural and Applied Economics"},{"issue":"5","key":"2996_CR32","doi-asserted-by":"publisher","first-page":"489","DOI":"10.1002\/(SICI)1096-9934(200005)20:5<489::AID-FUT5>3.0.CO;2-A","volume":"20","author":"GR Jensen","year":"2000","unstructured":"Jensen, G. R., Johnson, R. R., & Mercer, J. M. (2000). Efficient use of commodity futures in diversified portfolios. Journal of Futures Markets, 20(5), 489\u2013506.","journal-title":"Journal of Futures Markets"},{"issue":"1","key":"2996_CR33","first-page":"4","volume":"5","author":"HM Kat","year":"2007","unstructured":"Kat, H. M., & Oomen, R. C. (2007a). What every investor should know about commodities, Part I: Multivariate return analysis. Journal of Investment Management, 5(1), 4\u201328.","journal-title":"Journal of Investment Management"},{"issue":"1","key":"2996_CR34","first-page":"40","volume":"5","author":"HM Kat","year":"2007","unstructured":"Kat, H. M., & Oomen, R. C. (2007b). What every investor should know about commodities, Part II: Multivariate return analysis. Journal of Investment Management, 5(1), 40\u201364.","journal-title":"Journal of Investment Management"},{"issue":"3","key":"2996_CR35","first-page":"59","volume":"6","author":"C Keating","year":"2002","unstructured":"Keating, C., & Shadwick, W. F. (2002). A universal performance measure. Journal of Performance Measurement, 6(3), 59\u201384.","journal-title":"Journal of Performance Measurement"},{"key":"2996_CR36","unstructured":"Laws, J., & Thompson, J. (2007). Portfolio diversification and commodity futures. Unpublished paper, CIBEF. Liverpool: Liverpool John Moores University."},{"issue":"1","key":"2996_CR37","doi-asserted-by":"publisher","first-page":"45","DOI":"10.1016\/j.jcomm.2016.07.005","volume":"2","author":"MJ Lombardi","year":"2016","unstructured":"Lombardi, M. J., & Ravazzolo, F. (2016). On the correlation between commodity and equity returns: Implications for portfolio allocation. Journal of Commodity Markets, 2(1), 45\u201357.","journal-title":"Journal of Commodity Markets"},{"key":"2996_CR38","unstructured":"Masters, M. W. (2009a). Testimony of Michael W. Masters. Committee on Agriculture, Nutrition and Forestry, (June 4), pp. 1\u201329."},{"key":"2996_CR39","unstructured":"Masters, Michael W. (2009b). Testimony of Michael W. Masters. Commodities Futures Trading Commission, (Aug 5), pp. 1\u201321."},{"key":"2996_CR40","unstructured":"Meyer, G. (2015, Sept 15). Commodity index investing debate reignites. Financial Times, https:\/\/www.ft.com\/content\/9b307c8c-5d69-11e5-9846-de406ccb37f2 ."},{"issue":"2","key":"2996_CR41","first-page":"22","volume":"3","author":"J Miffre","year":"2014","unstructured":"Miffre, J. (2014). Comparing first, second and third generation commodity indices. Alternative Investment Analyst Review, 3(2), 22\u201333.","journal-title":"Alternative Investment Analyst Review"},{"issue":"1","key":"2996_CR42","doi-asserted-by":"publisher","first-page":"3","DOI":"10.1016\/j.jcomm.2016.01.001","volume":"1","author":"J Miffre","year":"2016","unstructured":"Miffre, J. (2016). Long-short commodity investing: A review of the literature. Journal of Commodity Markets, 1(1), 3\u201313.","journal-title":"Journal of Commodity Markets"},{"key":"2996_CR43","unstructured":"M\u00fcller, A., & Stoyan, D. (2002). Comparison methods for stochastic models and risks. Wiley series in probability and statistics. Wiley, Chichester. https:\/\/books.google.com\/books?id=a8uPRWteCeUC . ISBN 978-0-471-49446-1"},{"key":"2996_CR44","doi-asserted-by":"publisher","first-page":"33","DOI":"10.1016\/S0377-2217(98)00167-2","volume":"116","author":"W Ogryczak","year":"1999","unstructured":"Ogryczak, W., & Ruszczy\u0144ski, A. (1999). From stochastic dominance to mean-risk models: Semideviations as risk measures. European Journal of Operational Research, 116, 33\u201350. https:\/\/doi.org\/10.1016\/S0377-2217(98)00167-2 .","journal-title":"European Journal of Operational Research"},{"issue":"1","key":"2996_CR45","doi-asserted-by":"publisher","first-page":"60","DOI":"10.1137\/S1052623400375075","volume":"13","author":"W Ogryczak","year":"2002","unstructured":"Ogryczak, W., & Ruszczy\u0144ski, A. (2002). Dual stochastic dominance and related mean-risk models. SIAM Journal on Optimization, 13(1), 60\u201378. https:\/\/doi.org\/10.1137\/S1052623400375075 .","journal-title":"SIAM Journal on Optimization"},{"key":"2996_CR46","doi-asserted-by":"publisher","unstructured":"Pflug, G.\u00a0Ch., & R\u00f6misch, W. (2007). Modeling, measuring and managing risk. River Edge, NJ: World Scientific. https:\/\/doi.org\/10.1142\/9789812708724 .","DOI":"10.1142\/9789812708724"},{"issue":"2","key":"2996_CR47","doi-asserted-by":"publisher","first-page":"410","DOI":"10.1016\/j.jbankfin.2011.07.018","volume":"36","author":"Georg Ch. Pflug","year":"2012","unstructured":"Pflug, G. Ch., Pichler, A., & Wozabal, D. (2012). The 1\/ N investment strategy is optimal under high model ambiguity. Journal of Banking & Finance, 36(2), 410\u2013417. https:\/\/doi.org\/10.1016\/j.jbankfin.2011.07.018 .","journal-title":"Journal of Banking & Finance"},{"issue":"1","key":"2996_CR48","doi-asserted-by":"publisher","first-page":"251","DOI":"10.1007\/s10479-017-2397-3","volume":"254","author":"A Pichler","year":"2017","unstructured":"Pichler, A. (2017). A quantitative comparison of risk measures. Annals of Operations Research, 254(1), 251\u2013275. https:\/\/doi.org\/10.1007\/s10479-017-2397-3 .","journal-title":"Annals of Operations Research"},{"issue":"1","key":"2996_CR49","doi-asserted-by":"publisher","first-page":"119","DOI":"10.3905\/joi.2011.20.1.119","volume":"20","author":"E Qian","year":"2011","unstructured":"Qian, E. (2011). Risk parity and diversification. Journal of Investing, 20(1), 119.","journal-title":"Journal of Investing"},{"key":"2996_CR50","volume-title":"Introduction to risk parity and budgeting","author":"T Roncalli","year":"2013","unstructured":"Roncalli, T. (2013). Introduction to risk parity and budgeting. Cambridge: CRC Press."},{"key":"2996_CR51","doi-asserted-by":"publisher","unstructured":"Roncoroni, A., Fusai, G., & Cummins, M. (2015). Handbook of multi-commodity markets and products: Structuring, trading and risk management. Wiley. https:\/\/doi.org\/10.1002\/9781119011590 .","DOI":"10.1002\/9781119011590"},{"issue":"1","key":"2996_CR52","doi-asserted-by":"publisher","first-page":"40","DOI":"10.3905\/jai.2011.14.1.040","volume":"14","author":"DR Sanders","year":"2011","unstructured":"Sanders, D. R., & Irwin, S. H. (2011). The impact of index funds in commodity futures markets: A systems approach. The Journal of Alternative Investments, 14(1), 40\u201349. https:\/\/doi.org\/10.3905\/jai.2011.14.1.040 .","journal-title":"The Journal of Alternative Investments"},{"issue":"3","key":"2996_CR53","doi-asserted-by":"publisher","first-page":"515","DOI":"10.1093\/aepp\/pps026","volume":"34","author":"DR Sanders","year":"2012","unstructured":"Sanders, D. R., & Irwin, S. H. (2012). A reappraisal of investing in commodity futures markets. Applied Economic Perspectives and Policy, 34(3), 515\u2013530. https:\/\/doi.org\/10.1093\/aepp\/pps026 .","journal-title":"Applied Economic Perspectives and Policy"},{"issue":"1","key":"2996_CR54","doi-asserted-by":"publisher","first-page":"169","DOI":"10.1198\/jbes.2009.06167","volume":"28","author":"O Scaillet","year":"2010","unstructured":"Scaillet, O., & Topaloglou, N. (2010). Testing for stochastic dominance efficiency. Journal of Business & Economic Statistics, 28(1), 169\u2013180.","journal-title":"Journal of Business & Economic Statistics"},{"issue":"1","key":"2996_CR55","doi-asserted-by":"publisher","first-page":"49","DOI":"10.3905\/jpm.1994.40950","volume":"21","author":"WF Sharpe","year":"1994","unstructured":"Sharpe, W. F. (1994). The Sharpe ratio. The Journal of Portfolio Management, 21(1), 49\u201358. https:\/\/doi.org\/10.3905\/jpm.1994.40950 .","journal-title":"The Journal of Portfolio Management"},{"key":"2996_CR56","doi-asserted-by":"publisher","first-page":"42","DOI":"10.1016\/j.intfin.2012.11.007","volume":"24","author":"A Silvennoinen","year":"2013","unstructured":"Silvennoinen, A., & Thorp, S. (2013). Financialization, crisis and commodity correlation dynamics. Journal of International Financial Markets, Institutions and Money, 24, 42\u201365. https:\/\/doi.org\/10.1016\/j.intfin.2012.11.007 .","journal-title":"Journal of International Financial Markets, Institutions and Money"},{"issue":"1","key":"2996_CR57","doi-asserted-by":"publisher","first-page":"79","DOI":"10.1080\/09603107.2012.707770","volume":"23","author":"M Steen","year":"2013","unstructured":"Steen, M., & Gjolberg, O. (2013). Are commodity markets characterized by herd behaviour? Applied Financial Economics, 23(1), 79\u201390. https:\/\/doi.org\/10.1080\/09603107.2012.707770 .","journal-title":"Applied Financial Economics"},{"issue":"1","key":"2996_CR58","doi-asserted-by":"publisher","first-page":"50","DOI":"10.2139\/ssrn.1633908","volume":"14","author":"HR Stoll","year":"2011","unstructured":"Stoll, H. R., & Whaley, R. E. (2011). Commodity index investing: Speculation or diversification? The Journal of Alternative Investments, 14(1), 50\u201360. https:\/\/doi.org\/10.2139\/ssrn.1633908 .","journal-title":"The Journal of Alternative Investments"},{"issue":"5","key":"2996_CR59","doi-asserted-by":"publisher","first-page":"54","DOI":"10.2469\/faj.v68.n6.5","volume":"68","author":"K Tang","year":"2012","unstructured":"Tang, K., & Xiong, W. (2012). Index investment and the financialization of commodities. Financial Analysts Journal, 68(5), 54\u201374.","journal-title":"Financial Analysts Journal"},{"issue":"4","key":"2996_CR60","doi-asserted-by":"publisher","first-page":"343","DOI":"10.1002\/fut.21553","volume":"33","author":"L You","year":"2013","unstructured":"You, L., & Daigler, R. T. (2013). A Markowitz optimization of commodity futures portfolios. Journal of Futures Markets, 33(4), 343\u2013368. https:\/\/doi.org\/10.1002\/fut.21553 .","journal-title":"Journal of Futures Markets"}],"container-title":["Annals of Operations Research"],"original-title":[],"language":"en","link":[{"URL":"http:\/\/link.springer.com\/content\/pdf\/10.1007\/s10479-018-2996-7.pdf","content-type":"application\/pdf","content-version":"vor","intended-application":"text-mining"},{"URL":"http:\/\/link.springer.com\/article\/10.1007\/s10479-018-2996-7\/fulltext.html","content-type":"text\/html","content-version":"vor","intended-application":"text-mining"},{"URL":"http:\/\/link.springer.com\/content\/pdf\/10.1007\/s10479-018-2996-7.pdf","content-type":"application\/pdf","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2022,8,28]],"date-time":"2022-08-28T19:21:44Z","timestamp":1661714504000},"score":1,"resource":{"primary":{"URL":"http:\/\/link.springer.com\/10.1007\/s10479-018-2996-7"}},"subtitle":[],"short-title":[],"issued":{"date-parts":[[2018,8,4]]},"references-count":60,"journal-issue":{"issue":"1-2","published-print":{"date-parts":[[2019,11]]}},"alternative-id":["2996"],"URL":"https:\/\/doi.org\/10.1007\/s10479-018-2996-7","relation":{},"ISSN":["0254-5330","1572-9338"],"issn-type":[{"value":"0254-5330","type":"print"},{"value":"1572-9338","type":"electronic"}],"subject":[],"published":{"date-parts":[[2018,8,4]]},"assertion":[{"value":"4 August 2018","order":1,"name":"first_online","label":"First Online","group":{"name":"ArticleHistory","label":"Article History"}}]}}