Reverse-weighted portfolios outperform in commodity futures markets from 1977-2018.
The study looked at different ways to create investment portfolios using commodity futures. They found that a portfolio where assets are weighted in reverse order of their market values performed better than a traditional market-weighted portfolio between 1977 and 2018. This means that by changing how assets are weighted in a portfolio, investors could potentially achieve better long-term returns in commodity futures markets.