Baring Asset Management is to launch a fund investing in equity and equity-related securities of companies in the mining sector.
The Baring Global Mining fund, which is scheduled for launch in March, will be managed by Clive Burstow.
Burstow will aim to achieve long-term capital growth by investing in companies engaged in worldwide exploration, development and production.
Adopting an all-cap approach, he can build a portfolio of core large-cap holdings, in addition to small and mid-cap miners at earlier stages of exploration and development.
Burstow will typically hold between 70 and 100 stocks, two thirds of which are likely to be in the small and mid-cap space.
According to the fund’s mandate, Burstow will also be able to invest in commodities and debt securities, issued by mining and mining-related companies.
Subject to regulatory approval, the fund will be structured as a sub-fund of Baring Investment Funds, an Oeic domiciled in Ireland with Ucits status.
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