Skončilo sa komoditné rally?
Niektorí bankári už neodporúčajú svojim klientom investovať do komodít...
Is the commodities bull run, largely led by Gold and Oil all over?
According to several reports from Europe and the US, bankers have advised investors against investing in commodities further.
In a report in CityWire UK, Banque de Commerce et de Placements’ global CIO François Nordhof says he is particularly steering clear of gold, guided by the policy of the Swiss National Bank.
Nordhof, who is responsible for asset allocation and heads up fund selection at the Geneva-based firm, currently has no exposure to commodities - including precious metals.
Here is what he has to say: "I am particularly wary of gold." He said he has become even more cautious on the precious metal following a meeting at the Swiss National Bank six weeks ago, where he learned the bank had been selling gold.
‘It is never a good idea to be contrarian to the national bank. The timing may not be perfect, but if they say they are selling gold you’ve got to trust them,’ Nordhof says. Nordhof is particularly wary of the volatility associated with commodities and believes that the returns offered by the asset class are too unstable. He says he would only look into the asset class again ‘if the economy really turns bearish and there is a huge recession’.
"After the rally in commodities there is no reason to invest in commodities," he added
Zdroj: CommodityOnline.com
30.04.2008