Resources funds bounce back as commodity rally intensifies
AFR Apr 26, 2024 – 1.29pm
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"Argonaut’s Natural Resources Fund returned 3 per cent in the 12 months to March, a far cry from the near 40 per cent return in 2022 which catapulted it to the top-performing fund in the 12 months to September 30 that year.
But the portfolio bounced back strongly last month with a 7.8 per cent gain as its heavy exposure to the surging copper price paid dividends through ASX-listed names like FireFly Metals, AIC Mines, Sandfire Resources and Metals Acquisition.
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A1M: General Comments, page-486
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