shares in gold companies have moved to a 76% premium and first state is looking to sell out
Resources companies offer superb opportunities for asset managers prepared to learn some of the peculiarities of the commodities sector and, after years of investor neglect, interest is returning with the rising gold price. Dr Joanne Warner, portfolio manager of global resources at First State Investments, said resources companies have an extremely low correlation with other equity sectors, tend to reduce the risk profile of portfolios and still offer strong returns. While the few biggest players are well covered by analysts, many more are hardly covered at all, leading to exploitable in...
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