Barclays's Robert Diamond Comments on Commodities Investments
2006-01-26 04:19 (New York)
By Guy Collins and Saijel Kishan
Jan. 26 (Bloomberg) -- Robert Diamond, president of
Barclays Plc, comments on the growth of commodities investing.
He spoke today in an interview at the World Economic Forum
in Davos, Switzerland.
Pension funds and other money mangers are investing as much
10 percent of their portfolios in commodities, said Diamond.
``Two, three, four, five years ago, we would have seen that
with the hedge funds, but not the big state pension funds,''
he said. ``We are seeing an asset class shift.''
Investments in funds tracking commodity indexes may rise 38
percent this year to $110 billion as money managers diversify
from stocks and bonds, according to Barclays Capital.
--Editor: Carrigan. |
