ING's head of multi-asset returns to unloved commodities

Ewout van Schaick, head of multi-asset strategies at ING Investment Management, has opened a position in commodities across his portfolios for the first time in a year.

The manager has added the position at the margin of the fund range as a call on economic improvement in China. Van Schaick said a pick-up in China’s growth has been supportive of base materials in the country, and competitive agricultural prices have also made the sector more appealing. Van Schaick has invested across a number of sub-sectors including energy, materials, precious metals, and agriculture. The multi-asset funds at ING include the firm’s core multi-asset flagship fund, ING Patrimonial First Class Multi Asset, as well as a number of other funds such as the ING Patrimoni...