BASE METAL CORRELATION & DIVERGENCE

摘要

It is a question seldom asked: Just because you can trade something, should you? One of the enduring aspects of the trading and investing landscape of the past three decades has been a mad scramble for new and exciting investment products, for "alternative" assets and for the holy grail of low or negative correlation between these instruments and conventional asset classes such as stocks and bonds.These searches have not been motivated by silliness so much as the crushing need for pension funds and other institutional asset managers to meet large and growing liabilities with low-yield and often overpriced instruments.