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Alternatives specialist Castlestone claims the recent dip in commodity prices is a healthy correction...
Alternatives specialist Castlestone claims the recent dip in commodity prices is a healthy correction after reaching excessive highs.
Managing principal Angus Murray said the asset class should still be an attractive long-term investment and is pleased several commodities are returning to justifiable valuations following massive inflows.
“From a position of investment today, there is a lot less excess in prices and a lot more credibility,” he added.
“It is good to see the prices ironing out and return to their fundamental long-term valuations. Crude has fallen back to $120, which is much better for economy and consumption.”
Castlestone recently launched a Dublin-listed commodity fund, the Aliquot Active Commodity Index (Ucits) vehicle.
For more details see Monday's Investment Week.
Categories: Asset Allocation | Commodities | Investment | Equities
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