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You are here: Home Archive 2010 July Weekly Edition 22nd July Dry bulk shares break link with BDI

Dry bulk shares break link with BDI

by Rajesh Joshi, New York last modified Aug 05, 2010 09:42 AM

THE BEHAVIOUR of dry bulk shares this year, which has mirrored the wider market more than the Baltic Dry Index, has exposed the limitations of the so-called bellwether index as the proxy for the whole sector.

Investors seeking positive returns on listed companies are better advised to downplay the BDI and track wider market sentiment, experts said.
The advice is based on several factors, including listed dry bulk companies’ greater reliance on period charters, diversification by...

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