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From Kirsten Bischoff, Opalesque New York:
"Geo-political risk is here and is probably here to
stay," says Nicolas Robin, co-manager of the Threadneedle (Lux) Enhanced
Commodities Fund to Sona Blessing in a recent Opalesque Radio interview. With
one market-shaking event after another this year, it is
easy to see how this risk may be managers' biggest worry
post-financial crisis. And we have seen managers in the
commodities space particularly whipsawed by the market
shifting nature of these events. The Dow Jones Credit
Suisse Managed Future Index has bounced from positive to
negative all year, recording -1.18 in January, +1.73% in
February, -2.25% in March, +4.78% in April.
"For commodity-oriented managers, geopolitical events in
the Middle East and Japan resulted in significant
commodity price action in the first quarter. The energy
complex was most affected by the Middle East, while
Japan's disasters impacted metals due, among other
things, to potential disruptions in Japanese car
production," observes the research team at Credit Suisse
in their asset management quarterly review.
Managers have been bullish on energy, particularly oil,
due to supply concerns and the uprising in the MidEast
earlier this year. Last Monday, wit...................... To view our full article Click here
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