Top 14 Commodities to Invest in
Bangalore: The financial advisors globally ask their clients to invest in commodities, as they foresee the increasing demands for goods in the backdrop of growing figures of global population.
Morgan Stanley’s commodities team led by Hussein Allidina has come up with those top commodities in which it is good to invest in the coming days. They prefer soybeans, corn and wheat, as poor weather conditions are failing supplies. They also support for precious metals like gold and silver, as loose monetary policy sends investors seeking something with more stable value and the Federal Reserve’s latest action was a game changer as far as the yellow metal is concerned.
Let us check out Allidina’s list of price targets for the 14 major commodities in the world for the year 2013.
1 Brent Oil
Projected 2012 average: $110/bbl
2013 price: $115/bbl
According to Morgan Stanley, Brent oil is expected to continue to be affected by geo-political tensions. Though the Middle East unrest and easy central bank monetary policies continue to support oil prices, softer fundamentals heading into fourth quarter of the year weakening the year-end crude prices. Thus for 2013, there are much risks to invest in the same, says Morgan Stanley.
Post your Comment
All form fields are required.
© 2014 InfoConnect Web Technologies India Pvt Ltd. all rights reserved