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Glencore Xstrata, the global metals producer and commodities supplier that started trading in Johannesburg on Wednesday, will draw strong demand for its stock from South African investors, according to Investec Asset Management.

“In terms of diversification, it offers something pretty unique,” said Hanre Rossouw, Investec Asset Management’s head of commodities for frontier and emerging markets. With Glencore’s copper mining and marketing business, “you’ve got two-thirds exposure to something you don’t really get in the South African market”, he said.

Read more at:

http://mg.co.za/article/2013-11-13-glencore-xstratas-diversity-to-attract-jse-investors