Fund launches & closures Wrappers / Structures

RAB adds two resources strategies to UCITS equity suite

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Earlier this week RAB Capital had separately announced plans to roll out two new long/short equity UCITS-compliant funds, focused on natural resources and precious metals.

The RAB Global Mining and Resources UCITS Fund and the RAB Gold and Precious Equities UCITS Fund will both start trading on 11 April, with launch assets of around $70 million and $30 million respectively.

The Mining and Resources UCITS Fund will follow the investment strategy of the existing Cayman-based RAB Global Mining and Resources Fund, which made 73% in 2009 and nearly 22% in 2010.

The investment universe consists mainly of base