The commodities complex delivered a near-flat return in 2024, with losses in energy and agriculture offset by gains in (precious and base) metals. Being tactical, as catalogued in our 2024 outlook (see here), to capture selective returns has proven the right strategy.
In this week’s podcast, Ehsan Khoman, Head of Research – Commodities, ESG and Emerging Markets (EMEA), discusses MUFG’s Commodities 2025 outlook which recommends a continuation of a selective bias in 2025 given differentiation in fundamentals across the commodities space.
The MUFG Global Markets Podcast can be found directly on our MUFG Podbean page or via a number of platforms, including Spotify, Apple, and Stitcher.