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The global glut may worsen in the next few months, said Bart Melek, head of commodity strategy at TD Securities.
Bart Melek, head of commodity strategy at TD Securities, said Opec's mission to grab market share is working.
Ole Hansen, head of commodity strategy at Saxo Bank, said Opec called this confab because of the persistent low prices seen during the past few months.
"It would be nice if prices did come down quite substantially," said Francisco Blanch, head of commodity strategy at Bank of America Merrill Lynch, who added that the chances were slim.
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Now commodity-trading advisers, funds that invest in clever commodity strategies, are gaining in popularity.
"It seems the situation has deteriorated strongly in the eyes of Opec as well as the IEA," Commerzbank head of commodities strategy Eugen Weinberg told Reuters.
Vanguard doesn't recommend to financial-planning clients a global bond fund or exchange-traded funds that could mimic a commodities strategy.
"The idea somehow that oil or copper can hedge health care cost risk or education cost risk is ridiculous," says Claude Erb, a managing director in charge of commodities strategy at Trust Company of the West.
With Vermillion, which was founded in 2005, Carlyle is adding three commodities strategies to that lineup.
While the Oppenheimer Real Asset fund tracks the Goldman Sachs Commodity Index, the Pimco Commodity RealReturn Strategy fund tries to mirror the Dow Jones-AIG Commodity Index.
"When you buy a company, you're getting access to other risks," said Nathan J. Rowader, manager of the Forward Commodity Long/Short Strategy fund.
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