Julius Baer Launches Natural Resources Fund

Christopher Owen

29 October 2007

Julius Baer has launched a new Natural Resources Fund to enable investors to tap into the increasing demand for natural resources worldwide, which has been bolstered by the boom in the emerging markets. The new fund, a SICAV based in Luxembourg, brings together three sectors – energy, metals and agriculture. Half of its assets are currently invested in equities of companies in the energy sector, with the remainder split between metals and agriculture. The management team selects the companies using a proprietary fundamental analysis. The fund’s approach is not geared towards a benchmark. Investments are made long only in mid to large cap firms, giving the new fund the opportunity of investing throughout the value chain. The fund’s sub-advisor is Wellington Management Company, a Boston-based investment firm that specialises in natural resources.