Sep 27, 2013

Industrial Metals Like Copper Are Going To Do Much Worse In Relative Terms

"Certainly, demand for oil, energy, water and food is going to increase in the emerging markets, thanks to a growing population and increasing per capita income. Therefore, those commodities that are related more to the consumption growth in China and emerging market, in relative terms, might be the better placed - like oil - as transportation needs would sustain demand. However, industrial metals like copper, in less resource-intensive emerging markets, are going to do much worse in relative terms." - in Economic Times 

Related ETFs: iShares MSCI Emerging Markets (ETF) (EEM), iShares FTSE/Xinhua China 25 Index (ETF) (NYSE:FXI), WisdomTree India Earnings Fund ETF (EPI), Market Vectors Russia ETF (RSX)

Nouriel Roubini is an American economist. He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics.