Credit Suisse Client Survey: Commodities Investors Focus on Fundamentals as
Ebbing Correlation Brings Market 'Sea Change'
NEW YORK, June 27, 2013
NEW YORK, June 27, 2013 /PRNewswire/ --A new survey from Credit Suisse finds
investors are focusing on fundamental strategies to generate benchmark beating
returns as the correlation between commodities and other asset classes breaks
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Credit Suisse conducted the survey as part of its third annual New York City
Commodities Day on Tuesday, June 25, attracting about 300 clients covering a
wide cross section of hedge funds, institutional investors, distributors and
mutual funds to showcase the bank's competitive differentiation in areas
ranging from energy and metals to investor products and business servicing.
"To have this kind of turnout on a day during a week of extreme market
turbulence is a testament to Credit Suisse's ability to deliver the type of
products and thought leadership that top investors are looking for," said
Oscar Bleetstein, Head of Americas Institutional Sales for Commodities at
Credit Suisse. "The market is in a sea change and across the bank we're
providing investors with new products to meet the challenge."
The survey found that 42% of investors said they see fundamentally based
directional trading as the best way to generate pure long-short alpha, the
goal identified by half those polled as their rationale for investing in
About half of those asked said they expect commodities prices to maintain
current levels or rise in the coming 12 months. While that's in line with
predictions from last year's CS Commodities Day survey, far fewer this year
expect prices to jump by 10% or more as the "fear premium" dissipates,
Among other results of the survey:
o53% expect volatility to be higher in the coming 12 months than it was in
the past 12 months.
o46% of investors polled think we've seen the peak in crude oil prices.
o40% identified themselves as currently "underweight" commodities.
Credit Suisse AG
Credit Suisse AG is one of the world's leading financial services providers
and is part of the Credit Suisse group of companies (referred to here as
'Credit Suisse'). As an integrated bank, Credit Suisse is able to offer
clients its expertise in the areas of private banking, investment banking and
asset management from a single source. Credit Suisse provides specialist
advisory services, comprehensive solutions and innovative products to
companies, institutional clients and high net worth private clients worldwide,
and also to retail clients in Switzerland. Credit Suisse is headquartered in
Zurich and operates in over 50 countries worldwide. The group employs
approximately 46,900 people. The registered shares (CSGN) of Credit Suisse's
parent company, Credit Suisse Group AG, are listed in Switzerland and, in the
form of American Depositary Shares (CS), in New York. Further information
about Credit Suisse can be found at www.credit-suisse.com.
SOURCE Credit Suisse
Contact: Drew Benson, Credit Suisse, telephone +1 212-325-0932,
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