Commodity ETF purchased

This morning I added some more of the Lyxor Commodity ETF (2809) to the private portfolio. With signs that industrial production is picking up again (admittedly in a minor way) in response to stimulus measures and a pick up in consumer spending and signs that commodity stock piles for at least some commodities (e.g. nickel) beginning to decline I formed the view that it is a good time to increase exposure to commodities as an asset class. The fact that equity prices have had a huge run this year and it is getting more difficult to find stocks at attractive prices also contributed to my decision - in effect I am investing on the basis that equity prices reflect renewed economic optimism to a greater degree than commodity prices.