Neuberger Berman has brought its commodities expertise to Europe with the launch of a Ucits-regulted fund that accesses commodities including energy and agriculture through derivatives.
The US-based asset manager has run a diversified commodities strategy since May 2010, overseen by manager Hakan Kaya, who will now also run the Neuberger Berman Commodities fund along with a five-strong investment team.
Using commodity-related derivatives, the fund will seek exposure to a range of commodities including energy, metals, agriculture and livestock.
“The green energy transition has given the commodities market huge structural tailwinds,” Kaya said.
“As political leaders look to meet their net-zero commitments, the demand for commodities will intensify, not only to supply clean energy but also the infrastructure to facilitate this new change.”
Neuberger Berman’s head of global intermediary (ex US) Jose Cosio, said commodities can offer “diversification and a highly effective inflation hedge”.
“While risk is currently elevated as a result of heightened inflation pressures and renewed global geopolitical tensions, due to their low correlation, allocations to commodities have historically proven effective in providing balance to investor portfolios during such periods at all levels of risk appetite,” he said.
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