Global economic growth in Asia has produced unprecedented demand for commodities – and opportunity for investors. But what’s the best way to get set, short of shifting to Shanghai and playing the metals exchange? Shares have been the traditional way of capturing this investment opportunity, but they are limited and have their own inherent risks. Primary exposure – through the commodities themselves – is emerging as a new way to participate in this new cycle of global growth. This paper examines the benefits of investing in commodities and discusses how an active approach to commodity investing may mitigate downside risk, and create alpha opportunities that are unavaila...