Investec's George: My three commodities to back in 2012

Investec Asset Management's Bradley George has revealed the three commodities he expects to outperform this year as the market starts to look through the eurozone crisis to focus on fundamentals.

George, manager of the £288m Investec Enhanced Natural Resources fund and the offshore Global Dynamic Resources fund, said of all the commodities to back in 2012, crude oil, gold and potash stood out. Crude oil George, head of Investec's commodities and resources team, is backing crude oil - through equity stakes in the oil majors - to benefit in 2012 as the divergence between the higher oil price and the shares of the oil producers narrows. He said: "Energy majors have de-rated significantly over the last ten years. These companies offer attractive dividend yields covered by impre...