This new oeic fund, which will be co-managed by Duncan Goodwin and Ruairidh Stewart has attracted over £25m in funds under management.
The fund will be a high conviction portfolio of 30-50 ideas from energy sectors worldwide modelled on the energy portfolio of Martin Currie’s Luxembourg Sicav, the GF global resources fund.
Martin Currie managing director of sales, marketing and client service Andy Sowerby says: “After a significant retrenchment in the share prices of energy companies, we believe this is an excellent time to invest in this part of the market. Not all energy companies will benefit equally however. With credit conditions tight, returns both within and across sectors are likely to diverge sharply, creating stockpicking opportunities for specialists.”