This quarterly review provides an update on the sector and country contributions as well as the outlook for the Global Resources strategy. Learn more.

Key Highlights    


  • Global resources equities were volatile, but continued to recover in the June quarter. Performance was driven by Chinese policy stimulus which boosted steel prices, iron ore and coking coal. The oil price gained during the period as supply was constrained by sectarian violence and fires in Canada. Rising geo-political risks, including Brexit, increased safe haven demand for gold and silver.
  • The First State Global Resources strategy increased in value during the June quarter, driven primarily by our exposure to precious metals producers, which benefited from rising gold and silver prices.



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