First State Global Resources Fund celebrates anniversary

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First State Global Resources Fund celebrates anniversary

The First State Global Resources Fund is celebrating its second anniversary "in style" as it announced a return of 63.31 per cent since its launch.

This is above the benchmark of 50.82 per cent set by the HSBC Global Mining Index.

Overall, the First State Global Resources Fund now stands at £150 million.

David Whitten of First State said that a lot of interest has been shown in how investments for the fund are made.

"We look for companies that have low costs of production, with growing organic earnings, sound balance sheets and good management," he said.

Meanwhile, Richard Jones, head of UK and European retail sales at First State concluded: "Our specialist approach to investing in global resources companies offers investors scope for diversity as part of a balanced portfolio."


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