CHICAGO, IL--(Marketwired - Jul 23, 2013) - Investors may recall that the commodities-driven Toronto Stock Exchange was a star performer for an extended period in the mid-2000s. Since then, this asset class, which had benefited from strong global growth during the early years of this century, has languished. In particular, gold stocks have been unloved and unwanted, though they should benefit from widespread and aggressive printing of money by the world's central banks.
For thoughtful investors, there is reason to believe the "Commodities Supercycle" is far from over, advises Don Coxe, Chairman, Coxe Advisors LLP. The global commodities and equity investment strategist is a key advisor to BMO Global Asset Management and a member of BMO Financial Group. Coxe will deliver this message as a featured speaker at the CFA Institute's 2013 Financial Analysts Seminar, which begins today in Chicago. Coxe will present on Wednesday, July 24.
"Commodity prices are, in general, close to where they were in 2007, but the stock prices of their producers are back to where they were in 2004," explained Coxe. "That presents an opportunity for long-term investors." He also noted that, "Gold, the financial antimatter to inflation, presents a great opportunity, and the disillusionment with mining stocks appears to us to be nearing an inflection point."
Hosted by the CFA Society Chicago (www.cfachicago.org), analysts from all around the world have come to this annual event for more than five decades to immerse themselves in the latest investment ideas and tools. Through a combination of interactive lectures, group discussions, case studies, and informal gatherings, seminar participants come away with fresh thinking on a variety of investment disciplines.
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About Coxe Advisors LLP
Coxe Advisors LLP has been in business since 2009, and provides nondiscretionary investment management services.
Donald Coxe, Chairman, Coxe Advisors LLP, has 40 years of institutional investment experience in Canada and the U.S. As a strategist and investor, he has been engaged at the senior level in global capital markets through every recession and boom since the onset of stagflation in 1972. He has worked on the buy side and the sell side in many capacities, has managed both bond and equity portfolios, and served as CEO, CIO and Research Director of numerous financial institutions.
As Chairman of Coxe Advisors LLP, Coxe follows global capital markets and continues to write and speak for investors based on his maxim, "Never invest on the basis of a story on page one -- that is the efficient market. Invest on the basis of a story on page 16 that is headed on its way to page one."
Coxe Advisors has an exclusive relationship with BMO Global Asset Management for commodity-oriented solutions for investors. BMO Global Asset Management is the Portfolio Manager for all of the Funds and accounts for which Coxe Advisors is the non-discretionary investment advisor.
Coxe Advisors also provides nondiscretionary investment advice concerning commodity-related securities to two publicly traded closed-end funds registered on the Toronto stock exchange (Coxe Commodity Strategy Fund and Coxe Global Agribusiness Income Fund) and to an Irish-based UCITS Fund (BMO Global Commodities Fund), as well as to BMO Global Asset Management separately managed accounts. BMO Global Asset Management is the Portfolio Manager for all of these aforementioned Funds and accounts. In addition, as a sub-advisor to BMO Global Asset Management, Coxe Advisors provides the same type of advice to the Virtus Global Commodities Equities Stock Fund, a series of the Virtus Opportunities Trust, a U.S. registered open-end investment company, designed to invest in commodity-related securities.
About BMO Global Asset Management
BMO Global Asset Management is a global investment manager with more than $125 billion in assets under management as of January 31, 2013, including discretionary and non-discretionary assets under management.
Our two multi-disciplined teams are based in Toronto and Chicago/Milwaukee, and our network of world-class boutique managers is strategically located across the globe. They include Monegy, Inc., Pyrford International Ltd., Lloyd George Management and Taplin, Canida & Habacht, LLC. BMO Global Asset Management delivers service excellence from offices throughout North America, and in London, Abu Dhabi, Mumbai, Beijing, Shanghai and Hong Kong. Our approach has led us to be recognized by Pension & Investments as one of the world's largest 100 asset managers based on combined assets under management as of December 31, 2011.
We are a part of BMO Financial Group (
BMO Global Asset Management is the brand name for various affiliated entities of BMO Financial Group that provide investment management, retirement plan services, and trust and custody. Certain of the products and services offered under the brand name BMO Global Asset Management are designed specifically for various categories of investors in a number of different countries and regions. Products and services are only offered to such investors in those countries and regions in accordance with applicable laws and regulations. BMO Financial Group is a service mark of Bank of Montreal (BMO).
This is not a solicitation to offer investment advice or services. Coxe Advisors does not offer any products or services for sale; rather, it acts as a non-discretionary investment adviser to BMO Global Asset Management, a part of the BMO Financial Group, a service mark of Bank of Montreal. An investor should consider investment objectives, risks, charges and expenses carefully before making any investment. Past results are no guarantee of future results and no representation is made that a client will or is likely to achieve results that are similar to those described. Please refer to Coxe Advisors' ADV Part 2 for additional information.
Coxe Advisors LLP is an investment adviser registered with the United States Securities and Exchange Commission. Coxe Advisors does not render personalized investment advice.
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