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By Benedicte Gravrand, Opalesque London:
Some of the commodities hedge funds that we came across showed varied returns so far this year, depending on their focus and on their handling of the diverging performances among the commodity sub-sectors.
Bloomberg.com reported yesterday that according to the World Bank, commodities have just come off a five-year boom. From 2003 to mid-2008, energy prices soared 320% in dollar terms, metals and minerals gained 296% and foodstuffs rose 138%. They crashed in 2008 (the MCX commodity index fell by 24.7%, the Dow Jones AIG Commodity Index (DJAIG) and Reuters/Jefferies Commodity Research Bureau (RJCRB) index fell around 36%), rebounded from March through May this year and then eased off again. The World Bank says the boom is over, due to slower global population and income growth. But commodities still attract dollar bears, noted Jane Bryant Quinn.
Meanwhile, we hear that emerging market stocks are currently benefiting from a boost in demand for commodities. And author and famed investor Jim Rogers has been touting a bullish view on commodities of late – and a bearish stance on the dollar and Tre...................... To view our full article Click here
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