90 West flags plans on back of rating
Specialist natural resource fund manager 90 West Asset Management has flagged making its offering available to a wider range of investors off the back of a positive assessment from ratings house van Eyk, and its inclusion in two funds on the Linear Asset Management platform.
90 West executive chairman David Whitten said the rating and the platform inclusion came at a time when investors were gaining confidence in equity markets, with global natural resources among the most attractive opportunities.
"After falling through most of 2011 and the initial five months of 2012, we have seen a very strong recovery in global natural resource equities," he said. Since bottoming at the end of May 2012, the S&P Global Natural Resources Index has risen by 20.5 per cent in US dollar terms."
Whitten said that although 90 West was not in the business of predicting short-term natural resource market or commodity price movements, the company currently saw attractive natural resource valuations combining with a supportive long-term macro environment for many global natural resources companies.
Linear Asset Management chief executive Chris Hipkin said the funds had been included on the platform in expectation of growing investor demand for specialist resources managers.
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