KUALA LUMPUR: A sustainable global demand growth has been projected for the commodities markets due to industrialisation and urbanisation of developing and emerging markets. Amundi’s Global Commodities Equities portfolio manager Nicolas Fragneau said demand for commodities in five to 10 years would not only come from developing countries but also from developed countries. “Demand will come from America, Japan, Europe, and largely from emerging countries like India, China and South America,” he said here yesterday. He said this when presenting a paperwork at the Global Commodity Outlook 2010 forum organised by AmMutual, a fund management company under the AmBank Group. Against this growth trend, Fragneau said it would be a good strategy to invest in the commodities market for the long term. “Our fund seeks to provide long-term capital growth by investing in Target Fund which invests in syariah-compliant and global commodity-related securities,” he said. — Bernama

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