Bestinvest says
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The fund aims to exploit a long term structural trend of demographic change throughout the world but specifically in Asia where urbanisation and increasing living standards are increasing the demand for agricultural 'soft' commodities. The manager believes that the way to exploit is is through individual companies who will benefit through either volume production growth or commodity price growth.
The manager is a long standing member of the First State Global Resources Team and has spent the entirety of her investment career specialising 'Soft' commodities, though she has not previously managed a fund. Other members of the team have and they will assist with sector positioning and risk.
The fund will invest entirely in equities and although the individual commodities are usually more volatile than companies it is still volatile asset class. Investors should be prepared for such volatility and invest over the long term.