JPM's Henderson keeps commodity faith despite 13% drop

JPMorgan's Ian Henderson remains a long-term commodity bull despite a 13% decline in his £1.8bn Natu...

JPMorgan's Ian Henderson remains a long-term commodity bull despite a 13% decline in his £1.8bn Natural Resources fund over the past month. He said it has been a difficult period, with corrections across the commodity space and investors worried about global growth dumping stocks. "A popular trade has been to underweight banks and go long resources stocks, but that position reversed in short order across the market during July," he added. Several bets have weighed on short-term returns, including the recent addition of the soft commodities theme to the portfolio. Henderson introduce...