Commodities still exciting, says T.Bailey

Its fund managers have committed to investing another £0.8m into the JPMorgan Fleming Natural Resources Fund, which they feel will continue to build on its near 85% absolute return since mid-August 2002. ”In particular we understand that there are a number of structural industry issues causing severe shortages of supply. Thus is particularly the case with nickel and copper” While fears of a government-imposed slowdown in the Chinese economy may be well founded, demand for commodities there is also linked to infrastructure, not just manufacturing. Thus, while the taps may be turned ...