RAB To Float Ucits Mining, Gold Funds

RAB Capital will unveil two new Luxembourg-based Ucits III funds.

RAB Capital will unveil two new Luxembourg-based Ucits III funds, Financial Times reports. The Global Mining and Resources fund is a long/short equity strategy targeting equity investments in larger cap companies in the natural resource sector and will initially be available in sterling, euro and dollar share classes. The Gold and Precious Equities fund is a long/short equity fund with daily liquidity focused on large to mid cap companies in the precious metals exploration and production sub-sector. The two strategies will have a total initial size of $100 million and will be traded on Luxembourg Financial Group’s Liquid Alpha Ucits platform.

Click here for the story from Financial Times.

Click here for the additional coverage from Reuters.