13.04.2012 - Commodities: An ‘awkward pause’ could be healthy
Could it be the awkward teen phase for oil, copper and other raw materials? Fred Sturm, manager of the $4.2 billion Ivy Global Natural Resources Fund, raises the idea, or something like it, and he’s got a bullish longer-term outlook on commodities. ”It would probably be healthy, and to some extent expected, to have what I’m calling an awkward pause” in the coming months, Sturm told Dow Jones Newswires’ Matt Day. “Worries about Europe’s debt crisis and Chinese growth would likely give the market pause, he said, but not derail the long-term prospects for the continued increase in the globe’s appetite for oil, metals and other raw materials,” Day writes...............................................Full Article: Source
Print