Fund manager rankings: Commodities fears take hold

Fund manager rankings: Commodities fears take hold

Corporate & Sovereign Strategy

Fund managers are trimming commodities exposures in favor of consumer and other industries, a survey of leading managers has found. As minerals prices trend down, top fund managers in LatinFinance’s 2013 equity investor scorecard say they are reevaluating prospects for long-term returns. A strong correlation between LatAm indices and commodities ones opens questions over the logic of following the benchmark, they say, as managers turn increasingly to consumer industries. Schroders’ Latin Amer

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