Commodities Preferred Asset Class
Poll: Commodities is Preferred Asset Class for Next Year
A global poll by Bloomberg has found that commodities are now the preferred investment during the next year. Bloomberg users were asked which asset class will offer the highest returns and the lowest and the majority voted for commodities; in a July poll, users believed stocks offered the best returns. The change follows a 27% increase in the UBS Bloomberg Constant Maturity Commodity Index and a smaller 17% gain in the S&P 500 Stock Index since that July poll.Real estate and bonds also switched positions in the ranking of which asset class would offer the lowest returns. In July, 40 percent said real estate would rate last while 29 percent said bonds. This week’s poll showed 40 percent cited bonds and 24 percent real estate.
The poll of investors and analysts on six continents was conducted Oct. 23-27. It was based on interviews with a random sample of 1,452 Bloomberg subscribers, representing decision makers in markets, finance and economics. The poll had a margin of error of plus or minus 2.6 percentage points. Source
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