Global Resources Fund

Newbie2saving

Hi,

As the market in the global resources has fallen to a level I personally see as attractive, I am thinking of buying the First State Global Resources (Acc) Fund, with a small lump sum. I don't have much exposure to oil / gas / mining etc and from my research I like the look of this fund. I do however see this sector as having a turbulent future, but should pay off in the long run (my investment timescales >15yrs).

Is there any others I should be considering? I have looked at JPM Natural resources, but the FS seems to be a better choice IMO.

Really interested to hear others views who hold funds in this sector of global resource equities.

Thanks.

sorcerer

I wouldn't entirly rule out JPM Natrual Resources they have a good track record in this area, also perhap JPM World Mining or Black rock Gold and General.

Newbie2saving

Thanks for the response. I went away from Blackrock Gold due to it being a little too specific, haven't looked at JPM World Mining though.

TER's for FS & JPM are very similar, with FS seeming to have a marginally better past performance (I know this is no promise for future performance).

Any other thoughts out there?

Totton

Blackrock World Mining Trust (BRWM) is worth a good look if you are happy with an Investment Trust. The fund is on a discount and has had a bad few weeks losing something like 16%, it can be volatile but is a very good long term performer.

HTH,
Mickey

bigadaj

MrInvestor wrote: »

Up until the end of January 2012, I had a significant number of shares in Anglo American, BHP Billiton, Rio Tinto and Xstrata. They are all UK based commodity companies whose mining operations are largely opperated from abroad.

The reason I took my investment out is because I see very turbulent times on the horizon for our economy because of the imminant collapse of the Euro. Since January their share prices have dropped. I don't think that they are at their lowest yet - not by a long way. But I do expect to reinvest in those 4 (and maybe one or two others) again sometime in the future but the time is definately not right for me yet.

As you may well see from many of my other posts ...I'm mainly about the gold this year!!

Not uk based, partially uk listed in most cases.

Were back on the periodic mining, and wider commodities, roller coaster, arguments either way for whether were at the top or bottom, probably nearer the top in my opinion.

As I'm currently working on gold mines my preference would be for medium shorting, levels are still too high for me, though Asian purchases will provide a reasonable level of support.