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Investec launches new natural resources fund

Investec Asset Management is launching what it claims is the first-ever UK-domiciled natural resources fund.

The enhanced natural resources fund will utilises full Ucits III powers and will comprise both commodity and resource equities.

The UK-domiciled Oeic has a total return objective and aims to deliver its long-term investment goals by combining analysis of underlying commodity securities and bottom-up stock picking.

It is daily traded, accessing over 30 commodities and 800 resource stocks, spanning the whole commodity spectrum, including energy, mining, metals and agriculture and can move between sectors.

Due to Ucits III, the fund can take both long and short positions, which it says will increase potential for a better risk/return balance.

It will be available on leading fund supermarkets, platforms and through life companies, with a minimum investment of £1,000. The fund’s annual management charge is 1.5 per cent, with 0.5 per cent trail.

Investec head of global commodities and the fund’s co-portfolio manager Bradley George says: “The enhanced natural resources fund is founded on the belief that we are in a long-term secular growth cycle for commodities driven by demand from both emerging economies and the developed world.

Investec managing director, UK distribution David Aird says: “We believe this launch to be a real first for the UK market. Investec Asset Management has a long and highly regarded pedigree in the commodities sector.

“Many IFAs in the UK have bought into the commodity story and client flows have been high. However, we strongly believe that clients will welcome a fund with a total return objective, one which provides them with some protection in falling markets, whilst at the same time generating attractive returns over time.”


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