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Article: Varying commodities.
- Article from:
- Investment Adviser
- Article date:
- July 7, 2008
CopyrightCOPYRIGHT 2008 FT Business. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Nicholas Brooks, head of research and investment strategy at ETF Securities
Commodities have had a great run lately, but fears of an extended bubble don't take into account the wide differences in idividual prices
Commodity prices have had an extraordinary run in the first five months of the year, with the Dow Jones-AIG Total Return index - which tracks the performance of all major commodities - up nearly 20 per cent. During the same period nearly all other major asset classes saw substantial price declines except for bonds and cash, which rose 2 per cent and 1 per cent respectively. The substantial outperformance of commodities has led many ...