Commodities firms seem to be a popular investment at this moment in time, one expert has claimed.
According to Angus Rigby, chief executive officer of TD Waterhouse, Chilean copper mining firm Antofagasta has entered the investment company's list of top ten buys.
While the value of shares has fallen recently, investors seem keen to snap them up in the expectation of further rises, he explained.
Mr Rigby also believes that other commodity related investments could offer decent returns in coming month, with US oil firm Nighthawk proving popular.
He said: "Nighthawk enters in as seventh top buy and sixth top sell in this week's TD Waterhouse trades as company share value raised by 5.5 per cent on the week and profit-takers sought an opportunity to beat the market."
Yesterday, Nigel Bliss, senior portfolio manager of the Lincoln Far East Trust at Mondrian Investment Partners, predicted that firms in Thailand and Taiwan could do well in coming months due to changing political conditions.
Commodities firms popular investments, expert states
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Commodities firms popular investments, expert states
Fri, 30 May 2008
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