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First State Global Resources

Ranked 11 out of 14 in - Natural Resources over 12 months
All calculations are in GBP

Managed by

Joanne Warner


The Fund aims to achieve long-term capital growth. The Fund invests in equities in the natural resources and energy sectors world-wide.


Natural Resources over : 31/10/2014 - 31/10/2015

Total Return

Quarterly Performance

to 30/09/2015 Annual Q1 Q2 Q3 Q4
2015 -2.8% -7.6% -24.2%
2014 -8.1% 3.5% 5.4% -5.4% -10.9%
2013 -14.0% -0.8% -18.4% 8.9% -2.4%
2012 -9.1% 2.7% -15.8% 8.4% -3.1%
2011 -25.8% -1.1% -5.9% -24.0% 4.8%
2010 37.3% 8.8% -12.6% 19.3% 21.0%
2009 70.6% 10.3% 10.5% 21.2% 15.4%
2008 -41.3% -2.0% 13.7% -38.5% -14.3%
2007 54.9% 8.3% 15.0% 17.3% 6.1%
2006 12.8% 12.8% -3.5% -7.8% 12.5%
2005 51.4% 8.4% 3.7% 28.3% 5.0%
2004 8.4% -1.9% -10.6% 15.7% 6.9%

Month by Month Performance

Returns Vs Risk

Registered For Sale In

  1. Austria
  2. Chile
  3. France
  4. Germany
  5. Italy
  6. Netherlands
  7. Sweden
  8. Switzerland
  9. United Kingdom

Fund Info

  • Launch date27/10/2003
  • Share Class size56Mn
  • Base currencyGBP
  • ISIN GB0033737874

Purchase Info

  • Min. initial investment1,000
  • Min. additional investment50


  • Annual management1.50%
  • Initial investment4

Related News

Energy stocks outshine miners as China growth fears bite

Energy stocks outshine miners in a sector where performance has been mixed in the past two years.

First State Global Resources

First State Global Resources fund manager Joanna Warner is wary that geopolitical risks, particularly in the Middle East , will sustain high oil prices and put further pressure on global growth and the margins of mining companies.

Markets constrained by stimulus guessing game

MARKET BLOG: European Central Bank's Mario Draghi says fixing the eurozone may require 'exceptional measures'.

Case for commodities remains strong in a year of volatility

Fund managers, including Investec's Bradley George and First State's Joanne Warner, are continuing to back commodities as long-term performers against a background of volatile markets, picking out stocks that offer good valuation opportunities.

The 1 in 3 fund managers who beat the crunch

Which fund managers have beaten the credit crunch? Only a third of fund managers have managed to deliver positive returns since the start of the credit crisis, exclusive Citywire research on the performance of investment funds shows.

Sector Watch: specialist sector experiences extremes of volatile markets

Managers in the specialist sector have experienced extremes at both ends of the returns spectrum over the 12 months to the end of May, with First State's Joanne Warner (above) coming out on top.

Hold or Fold: JPMorgan Resources vs First State Global Resources

JPM NATURAL RESOURCES WHAT NEW MODEL ADVISER® SAYS: This fund was established in June 1965 and invests in the shares of global companies that are engaged in the production and marketing of commodities.

Top Manager: Star managers able to beat second quarter losses

After a turbulent year many equity managers ended October up, while fixed interest managers struggled to shrug off May’s correction.

Commodities funds outshone by tracker

An exchange traded fund (ETF), which tracks the market, has been one of the best performers in the commodities sector despite falling markets since 11 May, casting doubt on the value added by active managers.

Investec set to launch Global Resources fund

Investec is working on the launch of a global resources fund in the belief that the commodities story has at least two more decades of attractive returns to offer investors.


Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in GBP).