So there's a new Exchange-Traded Fund that tracks commodities. In this case, oil, aluminum, gold, corn and wheat. It seems like a good way for ordinary investors to get into commodities without dealing with futures contracts and such.

So, should I invest?

Oil prices are near record levels, while precious metals such as gold and silver are touching multi-year highs. Still, commodities bulls say growth in emerging markets such as China and India is among the long-term drivers of demand.

Even though prices are high, some people are saying it's time to buy. My first instinct is to wait until prices have dipped a bit. There seems to be too much hype at the moment. The ETF seems like a good way to get into the market once it's time.

The fund mentioned in the article is the Deutsche Bank Commodity Index Tracking Fund (DBC). There are some fees to consider:

Not including broker commissions, the Deutsche Bank ETF has an expense ratio of 1.5%, which includes a 0.95% management fee, according to the prospectus. However, the expense ratio is expected to be offset by the yield from the fixed-income portion of the portfolio.

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