Aviva Investors' Fitzgerald: The winners and losers from commodities slump

Aviva Investors' head of multi-asset Peter Fitzgerald takes a closer look at the impact of commodity cycles on markets.

In the mid-2000s, oil and commodity prices rose strongly, and the negative impacts of these moves were highlighted extensively at the time. Which commodity stocks are attracting fund managers? While the media and certain analysts predicted a future with oil at $200/bl, the markets and the economy grappled with this changing environment. Certain central banks raised rates as rising commodity prices pushed up inflation. Today, some ten years later, we find ourselves in a very different situation. Commodity prices are falling and the outlook is negative according to most market partic...