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Commodity bulls

Source: Financial Times, 21st July 2010

When passive commodity investing came into vogue in the middle of the last decade, proponents such as Goldman Sachs touted the low historical correlation commodities had to equities as a key selling point. Now that about 2 per cent of pension assets and nearly $300bn in retail funds have been poured into commodity funds, commodities and stocks have become joined at the hip over the past 22 months.



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