MacquarieWrap has added a resources fund with a difference to its investment menu, managed by Melbourne-based boutique E.I.M Capital Managers.
The difference is that the fund, the Emerging Resources Company Share Fund, is designed to fill a gap in the local resources investment market by looking beyond the BHP Billiton and Rio Tinto’s of the world to take advantage of other opportunities in the sector
It avoids companies relying on earnings growth from higher commodity prices or companies depending on high risk exploration success for market recognition and instead looks for those that feature strong organic growth profiles.
In this way, the fund can be an attractive option for planners with clients who are interested in investing in the sector but are concerned about recent market volatility.
The fund was launched in April 2006 and delivered a 49.6 per cent return for the year to December 2007.
