February 1 (SeeNews) - Croatia's InterCapital Asset Management (ICAM) said on Wednesday it launched InterCapital Commodity Strategy, the first investment fund on the domestic market offering investments in a diversified basket of key commodities.
“In the upcoming period, which will be marked by higher interest rates and (stable) high inflation, investment in commodity has great potential for positive yields in the long run,” the company said in a press release.
The InterCapital Commodity Strategy fund offers investors potential protection from inflation due to a high correlation with the consumer price index, it added.
“Investment portfolio including commodities and infrastructure companies is what would lead the growth in the coming years,” CEO of ICAM Ivan Kurtovic said.
Along with hard commodities like oil and natural gas and precious and industrial metals, the fund could also invest in soft commodities like wheat, maize, soybean, and coffee.
An additional argument for investment in commodities is the green transition, which will be a strong factor on the demand side, Niko Maricic, ICM manager, said.