Martin Currie duo dig deep for longer-term value in resources

Thu Nov 26, 2009




Old hands Butler and Goodwin have achieved their aim over the past five years in setting out to debunk a number of commonly-held assumptions about the global resources world

In the eyes of many investors, the global resources sector is one characterised by volatile returns, a narrow investment universe and stocks that are closely correlated to commodities prices.

But the managers of Martin Currie's long-running ARF Global Resources Fund have deliberately set out to construct a fund that contradicts those long-held assumptions about this diverse and highly cyclical sector, a universe that comprises some 800 stocks.

The fund's returns bear out the benefits of the firm's approach. The long/short equity strategy has delivered an annualised return of 12% since its launch in October 2003, with annualised volatility of just over 10%. This compares to a market return of 14.8% over the same period, but with far higher volatility of 22.3%....

ISSN: 2151-1845 / CDC10004H

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