Resources funds cash in as market returns sink

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Natural resource fund managers were the biggest winners in the third-quarter, according to Morningstar.

Funds which bet on ASX resources stocks weathered the September quarter storm in equity markets, topping the performance tables for the past year and smashing the SBooming lithium and copper names like Pilbara Minerals and Mineral Resources pushed high conviction Argonaut Natural Resources to the top spot for the 12 months to September 30, returning almost 40 per centOutperformance ran across resource-focused funds, as names like BT Natural Resources rose up the ranks, while investing in an...

“It’s a good time to be on the sidelines. You’ve got the big miners impacted by commodity prices coming off, costs going up, somewhat offset by the falling Aussie dollar.” “It’s all very well to say that you’re going to back energy transition commodities and that’s really a demand-driven story, but there’s also a supply story on the fossil fuels and that’s important as well,” he said.

 

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