This quarterly review provides an update on the sector and country contributions as well as the outlook for the Global Resources strategy. Learn more.

Key Highlights 


  • Global resources equities recorded positive returns in the December quarter. Oil prices rallied as OPEC and non-OPEC producers reached an accord to cut supply from early 2017.
  • Commodity prices have generally increased after bottoming early in the year, driven by Chinese infrastructure.
  • We maintain a positive view towards most base, bulk and energy commodities, with our preferred exposures being zinc, steel, thermal coal and oil in the near term.



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