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Dawnay Day Reports Strong Demand For Agricultural Spot Price Products

London-based investment manager Dawnay Day Quantum reports that demand has been good for its two new capital protected investments offering investors spot price exposure to agricultural commodities. The offer closes on 23 November 2007. Previously, agricultural commodity exposure in excess of 12 months was only available via agricultural indices: DDQ says exposure to the spot price avoids the negative roll-yield which characterises index returns on agriculturals and that, as a result, the spot price performance of agriculturals has considerably exceeded the index performance over the last few years. Chief executive Mark Mathias said: “I am delighted with the market response to this offering. We believe that now is the ideal time to be investing in agricultural commodities, and judging from the response, a number of investors have come to the same conclusion. We believe that these early investors will reap the largest rewards. Our long term views on metals and energy also remain very positive.”