Silver has been the best-performing commodity over the past decade, according to Lloyds TSB Private Banking.
Between 2002 and 2012 silver prices increased 572%, the metal having been seen as a safe haven for investor while also in high demand for industrial uses.
Three quarters of commodities tracked have more than doubled in value in the last 10 years with other notable gains as follows: gold +428%; tin +414%; copper +406% and lead +344%.
The research also reveals that overall, commodity prices have risen by 161% since 2002, compared with a 35% return from UK equities.
At a sector level, precious metals has been the best performer (+358%) followed by energy (+268%) although over the last year, commodity prices have fallen by 13% in response to the uncertain global economic outlook.
Precious and base metals have seen the biggest falls (both -19%) while the energy sector recorded the only increase (+3%).
Just six of the 20 commodities tracked by Lloyds have increased in value over the last 12 months, with Soya beans the top performer (+24%).
Ashish Misra, head of investments at Lloyds TSB Private Banking, comments: “Looking forward, commodity prices are likely to be driven by the level of demand from emerging economies such as China and India.”
source - www.bankingtimes.co.uk
No comments:
Post a Comment