Copper top investment pick in Barclays Capital survey
Dec 09, 2010 | 11:58 AM
Copper is the top investment pick for next year in a Barclays Capital Inc. survey of investors like hedge funds, institutions and retail distributors of structured products.
Some 26 percent of those surveyed said they expect the red metal to be the best-performing sector in 2011, followed by grains (23 percent) and crude oil (19 percent).
Investors also appear primed to increase their overall commodity exposure, with 69 percent reporting they would increase their commodity investments over the next three years.
The bullish sentiment toward copper came after the metal settled at an all-time high above $9,000 per tonne in London this week and amid news that a physically backed copper exchange-traded fund (ETF) would soon be available to the European market. ....
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