Following the global rout in commodities in 2015, managers are rotating back to oil, mining and precious metals this year via a range of vehicles such as ETFs, investment trusts and MPLs.
History shows oil prices bottom when the market starts to rebalance and when oil inventories stop growing; but when will this happen?
Iimpact of prolonged low oil price
Assets fallen by £40m
Investors have plenty of reasons to be pessimistic and fearful of the corporate credit markets today, but there are bright spots as some energy company fundamentals are downgraded to junk*.
First move to end oil glut