| Commodity performance was mixed in April, despite improving macroeconomic backdrop. Nelson Louie, Global Head of Commodities in Credit Suisse's Asset Management division, said, "Over the past month, concerns surrounding China have begun to lift and have been replaced with renewed anxieties over the outlook for Europe, as well as apprehensions that the US recovery is losing steam.
However, prospects for global growth this year may be significantly more positive than at this time last year. Leading economic indicators suggest we may be in store for more balanced growth between developed and emerging markets. Stronger than expected global growth would be especially supportive of economically sensitive commodities." (Press Release)
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