Commodity-fund returns can still cause confusion, says SG

When the US government started to talk about regulatory changes on commodity trading, there was a lot of discussion about how far any changes would go and the effect they would have, says Olivier Godin, Asia head of commodities at French bank Société Générale in Hong Kong. A widely held view is that regulatory changes will be watered down from their initial form, but that they remain just the start of how legislation is likely to affect banks. For example, bankers seem resigned to th…