All's well in the oil patch for resources manager

CI's Scott Vali cites supply constraints.

Sonita Horvitch 16 October, 2013 | 9:06PM

Scott Vali, vice-president and portfolio manager at Signature Global Asset Management, says he is emphasizing energy in the global resource fund for which he is responsible.

Within energy, Vali, who specializes in natural resources for Signature, favours oil producers. "The price outlook is positive," he says. "Oil is well placed to benefit from global economic growth, given the constraints in its supply around the world."

There has been much discussion, says Vali, about the adverse impact of China's slowing economic growth rate on all commodity prices. There is concern in some circles, he says, that slower emerging-markets growth means an end to the super commodity cycle. "This thinking is too simplistic," he says. "The natural-resource sector is heterogeneous and there is the need to assess the fundamentals of each commodity."

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Sonita Horvitch

Sonita Horvitch  

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