Emerging markets' appetite for natural resources is key to upsurge

Although uncertainty prevails on global stock markets, taking a selective approach to natural resour...

Although uncertainty prevails on global stock markets, taking a selective approach to natural resources appears to be a resilient strategy. I believe three main tenets underpin this positive conviction: population growth, infrastructure demands and compelling valuations - with none of these facing the prospect of a reversal in the near future. Oil may have dipped recently but not a week passes without intense oil price conjecture and resulting end-of-the-world-as-we-know-it dysphoria. But its price is not so much governed by mere speculation. I cite a combination of production problems ...