Launching on 11 April, the RAB Global Mining and Resources and Gold and Precious Equities Ucits funds will be seeded with around $100m split 70/30 respectively. They are both Luxembourg-based Sicavs, with a long/short strategy and daily liquidity.
The Global Mining and Resources fund will follow the investment strategy of its existing Cayman-based RAB Global Mining and Resources Fund launched in November 2007. It will have sterling, euro and dollar share classes and will focus on equity investments in larger cap companies in the natural resource sector. Its investment universe is predominantly base metals, precious metals, steel and ferrous metals, and energy mining.
The Gold and Precious Equities fund will focus on large to mid cap companies in the precious metals exploration and production sub-sector.
Both will use permanent hedging to protect capital and to reduce volatility through a combination of main market indices and sector specific instruments.
