After slide, fund managers see value in copper miners
* Some of big funds have increased exposure to copper
* Copper market seen tilting into deficit from 2016
* Lack of investment to feed next boom-analysts
By Silvia Antonioli
LONDON, July 4 (Reuters) - Some fund managers are increasing exposure to copper mining companies, betting the industry has reached the bottom of a downturn and that shares offer value for money.
Copper has lost almost a third of its value from a peak in 2011 due to a slowdown in top metals consumer China, which buys about 40 percent of global output.
Copper miners' shares represented by the Thomson Reuters GFMS pure-play copper companies index fell by almost 40 percent over the same period.
Historically the shares move more sharply than the metal price and they currently look fairly priced compared with the metal, data from metals consultancy Thomson Reuters GFMS shows.
This offers an attractive entry opportunity for investors with a 2-5 year view because copper's fundamentals are expected to improve in the medium term. Continuación...