RCS - Baker Steel Capital - Launch of a UK OEIC investing in the producers...

Hargreaves LansdownAnnouncement

29/04/2022 13:30

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RNS Number : 9005J  Baker Steel Capital Managers LLP  29 April 2022

Baker Steel Capital Managers LLP launches a UK OEIC investing in the producers
of 'future facing' metals and critical raw materials

DGAP-Media / 29.04.2022 / 12:11

Baker Steel Capital Managers LLP ("Baker Steel") is pleased to announce the
launch today of the ES Baker Steel Electrum Fund ("the Fund"), an OEIC
domiciled in the United Kingdom.

 

Baker Steel is a leading natural resources sector specialist fund manager.
With decades of sector experience and technical expertise, Baker Steel's
Investment Team have a proven track record of outperformance. The Firm's
existing Luxembourg-domiciled UCITS fund, BAKERSTEEL Electrum Fund, has
delivered market-leading returns, seen strong asset growth since its launch in
March 2019. As a London-based Fund Manager with a global investor base, Baker
Steel is seeking to improve accessibility for UK investors through making its
successful Electrum strategy available via a UK UCITS vehicle.

 

The Electrum Fund is an actively managed equity fund, that will invest in the
producers, processors and recyclers of speciality metals, alongside selected
precious and industrial metals. The Electrum Fund will offer investors
exposure to the themes of rising demand for raw materials and potential
shortages and price spikes of certain metals required for the green energy
transition, alongside the themes of re-shoring and energy security, in the
wake of the COVID-19 pandemic and the ongoing deeply troubling Ukraine
crisis. Our investment team's disciplined investment approach is value-driven
and focused on those companies with the best assets, effective management,
attractive shareholder returns and that operate in an ethical and sustainable
manner, in line with our own ESG principles.

 

The Electrum Fund is anticipated to be available on most major platforms,
including Hargreaves Lansdown, AJ Bell, 7IM, Allfunds, Aviva and Standard
life. The Fund is open to investment from UK investors seeking exposure to
producers of the critical metals and materials needed for the green
revolution.

 

"We believe that the bull market for speciality metals is just getting
started, and that the Electrum Fund will offer exposure to this new upcycle
through a combination of bottom-up stock selection and top-down asset
allocation, weighting strategically between sub-sectors of the industry."

- Mark Burridge, Fund Manager and Managing Partner

 

For more information on the ES Baker Steel Electrum Fund please contact Baker
Steel directly.

 

 (Mr Cosmo Sturge, Market Strategy Director -
Email: cosmosturge@bakersteelcap.com (mailto:cosmosturge@bakersteelcap.com) ,
telephone: +44 20 7389 0009).

 

 

Issuer: Baker Steel Capital Managers LLP

Key word(s): Finance

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