Developed world to power 2010 commodity surge - Greetham

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Commodities will be the main focus of investors' strategies next year, driven by demand from developed economies, according to Fidelity asset allocation director Trevor Greetham.

In his outlook for 2010, Greetham says although commodity analysts are "fixated by China", developed countries will show unexpectedly strong growth. "Industrial restocking from these sleeping giants should boost commodity prices very significantly," he says. Greetham also thinks fears of inflation and cheap dollar funding will further increase investor interest in commodities. He says "equity-friendly conditions" have returned for the first time since 2007 and emerging markets in Asia are best-placed to capitalise on this situation. Where commodities and equities will be next ye...

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