Boom and bust: What impact has Covid-19 had on commodities cycle?
Taking a close eye on the mining sector
Matthew Read of Quoted Data
Matthew Re
History shows that commodity cycles tend to be long.
Back in the summer of 2019, Robert Siddles, the then-manager of what is now Brown Advisory US Smaller Companies, joked with me that commodity cycles tend to have ten up years, then 18 down years, so, with the last up cycle starting in the early 2000s, he planned to start looking at them again in 2027.
In reality, the pandemic appears to have moved this date forward. But why do commodity markets have such elongated booms and busts? And where are we today?
Brown Advisory replaces top ten holdings in former Jupiter US Smaller Companies
IT replaces healthcare as biggest sector
IT replaces healthcare as biggest sector
Brown Advisory has revamped the portfolio of the US Smaller Companies investment trust after winning the mandate from Jupiter Asset Management last year.
Following the retirement of Robert Siddles, the £159m trust appointed Brown Advisory as investment managers, effective 1 April 2021.
Since taking control of the trust, managers Christopher Berrier and George Sakellaris have entirely replaced the top ten holdings, with Charles River Laboratories International taking America s Car-Mart s top spot.
Genpact, Zynga, Workiva and IAA Inc Common Stock round out the new top five respectively, pushing out On Semiconductor, Pennant Group, Addus Homecare and Ensign Group as investors are presented with the new portfolio.
Trust Watch: No-deal fears snap UK small-cap rally citywire.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from citywire.co.uk Daily Mail and Mail on Sunday newspapers.