In this book we define commodity and alternative ETPs broadly as those that don’t fall into the traditional equity and bond ETF categories. As we saw in Chapter 2, these products have now opened up access to sectors of the capital market that were very difficult for individual investors and independent advisors to access earlier. This category includes a range of commodity, currency, MLP, and hedge fund replication ETPs. Some investors also include REITs, listed private equity ETFs, and nontraditional equity ETFs in their alternative asset allocations. Below are some practical insights that are useful when considering commodity and alternative ETFs (or more accurately, ETPs) for your portfolio.