Commodities have become over the past ten years part of the portfolio allocation of most asset managers. As such, financial investors detain “paper” commodities, and sometimes physical commodities as well, as any other type of assets. They do not invest in commodities because they are needed for their core business but just to improve the properties of their investment portfolio in terms of risks and returns. …
When commodities are “just“ another asset by David Bicchetti and Nicolas Maystre
5. February 2013 I