Commodity is emerging as a new asset class with an immense growth potential judging from the recent trends witnessed across the globe including emerging economies.
In 2009 this asset class received an inflow of over $60 billion. As on December 31, 2009, the total assets in commodities is estimated at $250 billion, according to Neelesh Surana, Senior Fund Manager, Mirae Asset Global Investments (India).
At an interactive session here, Mr. Surana said “since 1999 we are in the midst of strong commodity bull cycle”.
The supply side constraints were adding to opportunities and the demand especially in metals such as copper and steel was likely to grow exponentially, he said.
“As the world economy revives, investments into commodities should only increase further led by emerging economies, especially China and India”, Mr. Surana observed.
Mirae Asset Global Investments (India) is a wholly-owned subsidiary of Mirae Asset Global Investments of South Korea.
In India Mirae Asset started operations in 2007 and manages a portfolio of 8 mutual fund schemes including three equity funds. It was investing in India as an FII since 2004.
