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Richard S. Elman, the chief executive of the Noble Group, Asia's largest diversified commodities trading company, bounced up from the conference table in his office here when asked about freight rates during an interview on Tuesday morning.
"These are building blocks for advisers to create their own diversified commodities portfolios," he said, adding that the short and double-short notes were created for clients who thought food supplies might eventually catch up with demand.
The sovereign wealth fund has also been buying small stakes in Australia's biggest banks and paid $646 million last autumn for a stake in Noble Group, a diversified commodities company based in Hong Kong with operations around the world in industries like iron ore mining and sugar mills.
The sovereign wealth fund has also been buying small stakes in Australia's biggest banks and paid $646 million last autumn for a stake in the Noble Group, a diversified commodities company based in Hong Kong with operations around the world in industries like iron ore mining and sugar mills.
Diversified: commodities trading, real estate, ranch and timber land, hedge funds, venture capital.
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From a humble beginning as a four-man metals broker, founded by British expat Richard S. Elman 19 years ago, Noble has become one of Asia's largest diversified commodity traders, carrying 5% of the world's dry freight.
You would get a taste of coffee in a well-diversified commodities fund but only a taste.
Take those who diversified into commodities or European stock-exchange-traded funds (ETFs) last year.
One company that passed all our screens is BHP Billiton, a diversified Australian commodities company with interests in oil and gas, iron, nickel, copper, coal and steel.
He said: "Although the volatility in global markets persists in 2012, particularly concerning the sovereign debt crisis in Europe, we remain confident in the outlook for our diversified mix of commodities due to sustained growth in emerging markets".
Between 2001 and 2003, by contrast, textile exports to the United States grew from $47m to $2.4 billion.But Vietnam's diversified exports it produces commodities, agricultural goods and manufactures provide insulation against fluctuations in any single product.
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