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Fund Manager Calls Out ‘Speculators’ in ESG Commodities Bet

  • ‘Humanitarian crisis’ raises moral questions around price bets
  • Robeco says clients understand its position on commodities
Firefighters extinguish a blaze following Russian missiles attack in the port city of Odesa, Ukraine on June 5.

Firefighters extinguish a blaze following Russian missiles attack in the port city of Odesa, Ukraine on June 5.

Photographer: Efrem Lukatsky/Odesa City Hall Press Office
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The head of multi-asset strategies at Robeco Institutional Asset Management is questioning the appropriateness of betting on commodities price gains given the current geopolitical climate.

“Naturally, when you buy an asset, you invest in the opportunity with an expectation that prices will go higher,” Colin Graham, who also co-manages Robeco’s Sustainable Multi-Asset Solutions, said in an interview. “But when there is a humanitarian crisis going on, I’m not sure that speculating on commodities is the right thing to do.”