LONDON (Reuters)- U.S.-based investment firm Castlestone Management said on Monday it planned to launch an agriculture fund later this month to take advantage of booming demand for agricultural commodities.
The Aliquot Agriculture Fund will be launched on March 31 and is expected to hold 38 percent of assets in grain futures such as corn, soybean and wheat, 22 percent in foodstuffs including sugar and coffee, 12 percent in livestock, 10 percent in fibres, 10 percent in alternative energy and 8 percent in water.
Soft commodity prices have soared since late 2007, lifted by heavy investment fund and speculative interest in the sector on expectations of higher demand and tight supply.
