New City's Cleland: Why 'big change' for miners has created opportunities

Major turnaround for sector

Jayna Rana
clock • 2 min read

The managers of the City Natural Resources High Yield trust have returned to mining companies for the first time in almost three years on the vehicle, highlighting significant changes are being made within the sector.

Managed by Ian Francis, Keith Watson and Robert Crayfourd from New City Investment Managers, the investment trust arm of CQS which manages five strategies investing in different natural resources sectors, the £114m High Yield trust pools the team's best ideas from across these areas.   The range has benefitted from the recent commodities rebound, with the City Natural Resources High Yield trust up 16.5% year-to-date in share price terms. In particular, Craig Cleland (pictured), head of corporate development - investment trusts at New City Investment Managers, highlighted opportunities...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Investment Trusts

Trustpilot