CAAM makes commodities play with Global Agriculture launch

Crédit Agricole Asset Management has joined the many groups playing the current commodities theme vi...

Crédit Agricole Asset Management has joined the many groups playing the current commodities theme via a Global Agriculture fund launch. This Sicav invests at least two-thirds of its assets in a selection of international equities from companies active in the farming sectors. CAAM said it offers investors the opportunity to benefit from the growth potential of a secular buoyant investment theme. Manager Nicolas Fragneau said the current level of commodity prices is a result of the sharp imbalance between supply and demand for agricultural products. "Several factors, mainly demographi...