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Why better US growth may not boost commodities

Posted on 25 November 2013

Developed markets, including the United States, may be recovering, but the long-suffering commodities segment may not feel the love. “It’s not a build-construct scenario,” said Bhaskar Laxminarayan, chief investment officer in Asia at Bank Pictet and Cie, which has around USD 433 billion under management. Previously, commodities were driven higher by the emerging market growth story, which included huge investments in infrastructure, he said.
While Pictet recommends investing in equities that will benefit from a US domestic demand revival, such as autos and housing, “it’s not as significant as building highways all around the world or putting up factories,” he said. “It’s not enough for a bull-run case for commodities.”……………………………………….Full Article: Source


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