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French’s successor at M&G: why I back commodities

Posted on 20 November 2013

Randeep Somel, who replaced Graham French as sole lead manager of the £4.2 billion M&G Global Basics fund, is backing commodities to bounce back despite a falling copper price and fears of slowing infrastructure spending in China.
Amid speculation that Somel would change the underperforming fund’s focus and look to other sectors, he said he would keep its large allocation to basic materials, currently its largest overweight position……………………………………Full Article: Source


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