On 17^th May 2017, following The Adviser Centre Monthly Review Meeting on 28^th April 2017, Investec Global Gold was reinstated to The Adviser Centre as a Recommended fund.

The fund was removed from The Adviser Centre in February 2015 following the news that former Head of the Commodities & Resources Investment Team, Bradley George, was changing role within the firm.  Mr George was a co-manager on the Investec Global Gold fund alongside Scott Winship, who was also in the process of transferring to a different team.

As part of the reorganisation of the team, Tom Nelson, the co-manager of Investec’s Global Energy Strategy, replaced Mr George as Head of the Commodities & Resources Investment team. Mr Cheveley and Mr Rossouw, now Strategy Leaders for the firm’s global gold franchise, took on the management of the Investec Global Gold fund.  They are established members of Investec’s Commodities & Resources team, which is based in the UK and South Africa, and they work closely with analysts, Daniel Sacks, who has been involved with the Investec Global Gold fund since its launch in 2006, and Tom Solomon.

Under Messrs Cheveley and Rossouw’s leadership, there is no change to the fund’s established strategy, which is to focus on lower-cost gold producers with growth prospects.  This is a benchmark-aware approach, but one which has benefited historically from an element of dynamism in investing between smaller and larger companies.  Indeed, Euromoney Global Gold Mines is an extremely concentrated index and the fund offers a more diversified way to invest in the breadth of gold and precious metals stocks. Given the strategy’s higher quality threshold and its greater diversification, its performance can deviate from the index, particularly at times when junior miners are rallying strongly and/or when stock specific news affects the larger companies in the index.

With Investec Asset Management’s strong heritage in commodity and resources investing, we are pleased to feature this gold fund within The Adviser Centre.