The Blitz Select Opportunity Commodity Fund pursues its investment objective by allocating assets among various commodity sectors. The Fund will adopt different approaches for investment in the commodity sectors.

Required:

(i) Distinguish between commodities and other types of capital assets.

(ii) Describe three (3) main categories of commodities and provide two (2) examples of a type of commodity from each category.

(iii) Compare and contrast the difference approaches for investment in the commodity sectors.