Will Rhind joins Kate on the show today to have a candid conversation about commodities. Will is Founder and CEO of GraniteShares, an ETF company. GraniteShares from an idea to a successful start-up garnering the attention of Bain Capital and other well-known ETF investors who support his passion to create products that will change the way people see investing.
Will is a graduate of the University of Bath, in England, with a Bachelor of Arts in French, Russian, Politics and Economics. He has spent 17 years in the ETF industry, which began with iShares. He then transitioned to ETF Securities, and lastly, became the CEO of GLD before founding GraniteShares. Will has worked with both European and US ETF Markets, has a wealth of experience under his belt, and is an entrepreneur working hard to disrupt the financial industry with a start-up that’s gaining success. Listen to today’s episode to find out more!
- Will discusses how GraniteShares focuses on commodities and high income passthrough securities.
- Will defines commodities as the most economically significant and most traded commodities in the world. Ie. energy market, agriculture market, metals market and food market.
- Will further tells us that this works by not investing in commodity companies, but in commodities themselves.
- Will says these can pair nicely complement to a portfolio.
- Both COMB and COMG funds pull from a different pool of assets than those of stocks or bonds.
- The COMB and COMG funds seek to do the same thing, which is to provide commodity exposure at a low cost and tax efficient manner to investors.
- Will says the main difference between the two funds is that the COMB is a more diversified fund and the COMG has more exposure to oil and energy.
- To break it down further, Will says the investment will be 80% in Treasury Bonds, and the shares/holdings are held in a subsidiary company, which eliminates the K1 at tax time.
- Will explains the cap of exposure you can get with the COMB fund.
- Will addressee why, at times, exchange traded funds underform.
- Will explains how his company fits into various portfolios based on diversification.
- Longer-term plans vs. shorter-term investing is explained by Will.
- Will explains how approachable his company is, and encourages investors to reach out to anyone on his team.