02.12.2011 - Commodities to rally on ‘cheap money,’ Renaissance Asset’s Monovski says
Commodities may rally as central banks boost money supply further and cut interest rates to combat slowing economic growth, according to Renaissance Asset Managers, a unit of Moscow-based Renaissance Group. “Money will continue to be plentiful and free, and that will continue to underwrite a commodity cycle,” said Chief Investment Officer Plamen Monovski, who oversees about $2.2 billion and formerly co-managed as much as $9 billion at BlackRock Inc. (BLK), the world’s biggest asset manager...............................................Full Article: Source
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