| After some relative calm seen in the price of oil, fund managers are putting some of their money back to work in commodities, new data on Tuesday showed. Global investors added to their allocation of commodities this month, according to a survey carried out by Bank of America Merrill Lynch, which said the jump in exposure to commodities in March was the largest ever on record.
This comes after investors hoarded money in cash at the start of the year amid one of the worst starts to the year on record for equities. While many managers are still technically "underweight" on the commodity benchmarks, bullishness on the sector has dramatically improved in the last month as oil prices have climbed closer to $40 per barrel and iron ore prices have soared...............................................Full Article: Source
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