Chart of the week: the commodities comeback
The S&P GSCI index – which tracks more than 20 commodities ranging from precious and industrial metals to oil – gained around a third last year, its best annual performance since 2009.
The S&P GSCI index which tracks more than 20 commodities ranging from precious and industrial metals to oil gained around a third last year, its best annual performance since 2009. Many raw materials have continued to flourish this year: oil and natural gas are now up by 50% over 12 months, for instance.
The rebound from multi-year lows comes as investors have been encouraged by signs of inflation and improving demand, says Stephanie Yang in The Wall Street Journal. Worldwide commodity assets under management were up 50% year-on-year in January.
Viewpoint
Henderson Global Investors
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