01.10.2008 - Commodities debate: tactical vs strategic
From Global Pensions: Commodities continue to be at the centre of the investment debate, while pension funds struggle to diversify their portfolio and include assets uncorrelated to the equities market. Speaking at the 2008 Mercer European Investment Forum, Jelle Beenen, principal at Mercer Netherlands, strongly advocated pension funds “should have a strategic allocation in commodities”. Comparing equities and commodities’ returns from the 1970s, Beenen pointed out while commodities were more volatile, they provided very high levels of returns, especially when equities did not..... Full Article: Source