H&L Aussie Mining Funds

socrates

Probably very simple to answer but having trouble locating particular types of funds.

I am looking to move some of my S&S ISA money into Australian Mining type funds

Can anyone recommend or point me in the right direction

Thanks in advance....

dunstonh

HL is probably not the best place to go looking for such specialist investments. A more open platform would be needed.

Jegersmart

socrates wrote: »

Probably very simple to answer but having trouble locating particular types of funds.

I am looking to move some of my S&S ISA money into Australian Mining type funds

Can anyone recommend or point me in the right direction

Thanks in advance....

There is the Australian Natural Resources fund run by Thesis however whilst it is an OEIC it does not have its own ISA wrapper. Min investment 5k.

JPM Global Mining is quite new and I cannot find any overview of their current holdings.

Could be a bit tricky within an ISA I suspect.....

socrates

The only reason I ask is because I met an Aussie miner on holiday and from his experience (15 years) and in his opinion there will be just under 450,000 vacancies in the next 5 years in this industry - the Chinese cannot get enough of what they are mining

It seems to have massive potential and is still in its infancy as far as he is concerned - relatively speaking...

Porcupine

There's also Aviva Australian Resources. But it doesn't seem to be on H-L's platform.

StevieJ

First State is an Aussie company so their Global resources fund may be worth considering (although they won't just invest in OZ companies).

http://www.hl.co.uk/funds/fund-discounts,-prices--and--factsheets/search-results/f/first-state-global-resources-accumulation

Porcupine

I'd look at generic mining/natural resources funds (NR includes oil). Most of the mining companies are multinationals - for example in the Aviva fund I cited there's Rio Tinto and BHP Billiton, both of which you'll get in something as unexciting as a FTSE tracker since they're listed in London as well as Australia. So by buying an 'Australian' fund you're just picking those companies that happen to list on the Australian stock exchange, rather than those that have operations in Australia. Australia is big in bulk materials (iron ore, coal), so if you go with a fund that's heavy on those (rather than, say, gold mining) you'll probably end up with a fair Australian bias to operations for whatever stock exchange the company decided to list on.