へっぽこな現場から　2nd -紅の弾幕編-

05.06.19:28

[PR]

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05/06/19:28

05.11.18:44

HSBC Absolute Return dumps commodities（ロイター）

現在の商品市場の価格は高すぎて、
維持可能な水準を超えており、
来るべき大きな調整に備えるための選択のようですが。

吉と出るか、凶と出るか？

■HSBC Absolute Return dumps commodities（ロイター）

LONDON (Reuters) - One of HSBC's most actively managed fund divisions has been reducing its exposure to commodities, expecting a major correction in the high-flying sector.

The $2.7 billion Absolute Return Service, part of HSBC Investments, now holds only around 2 percent of its portfolio in commodities, down from a high of around 17 percent earlier this year.

In an interview with Reuters on Wednesday, Charlie Morris, head of absolute return, said commodity prices had risen to unsustainable levels.

"We are waiting for a full on commodity correction," he said, adding that the risk return for investors in commodities was now higher than for equities.

Commodities have been booming for a number of years on the back of emerging economies such as China and India, but price rises have been particularly sharp this year.

The broad Reuters/Jefferies CRB index .CRB, for example, has gained 17 percent since the end of 2007. By contrast, most equity markets have declined.