Schroders Returns to Commodities as Funds Ride Materials Wave
- Gauge of industrial metals reaches five-year high this week
- Bloomberg energy index near highest since 2015 on supply woes
Trump's Oil Woes Are Investors' Gain
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Late last year, Schroders made an uncharacteristic move with a bullish call on energy and metals. With commodities from aluminum to oil surging, that bet is looking pretty good right now.
Commodities is “not an asset class that we’d naturally gravitate to,” said Alastair Baker, a portfolio manager at London-based Schroders, which oversees $88 billion. “Having had very strong growth in equities last year, it’s time to diversify your portfolio and cast your net more widely, given where we are in the economic cycle.”