UEX Corp UEXCF

Commods funds target pockets of tight supply in 20

[bigtime333]

Thomas Meier, co-manager of the fund, said a heavy exposure to the meat sector had paid off in the fourth quarter, but a uranium position had hurt performance earlier in the year because of the Fukushima accident.

For 2012, he believes that a lot of the negative sentiment around the demand side is already priced in. But on the supply side, many projects, particularly in copper and uranium production, are in limbo.

“After the Fukushima shock, many uranium projects were postponed or even cancelled because it was almost impossible to get these properties financed,” he said. This will impact the future supply of uranium and the price.

https://www.theglobeandmail.com/globe-investor/commods-funds-target-pockets-of-tight-supply-in-2012/article2303765/