| Commodity managers who performed well in the first quarter with tilts to oil and industrial metals remain bullish going into the second quarter but are prepared for rapid repositioning given the uncertainty around China, Iran and strategic oil reserves.
Strong U.S. and Chinese economic data at the start of 2012 encouraged some managers to increase their exposure to growth-sensitive commodities, but indicators have been more mixed in April. Managers are also wrestling with how best to position themselves given tensions with Iran over its nuclear programme...............................................Full Article: Source |