Goehring & Rozencwajg (“G&R”), an investment firm focused exclusively on contrarian natural resource investment, today announced the launch of their first UCITS fund, Goehring & Rozencwajg Resources Fund (“the Fund”). The new UCITS fund, targeted at non-U.S. investors, will mimic the current Goehring & Rozencwajg Mutual Fund, investing predominantly in securities of natural resources companies.

The Fund will typically invest primarily in equity and equity-related securities, including small, mid, and large-cap companies. It is expected to be popular among those who are looking for inflation protection, as it does not overlap with major equity index funds and is highly correlated to commodity prices. The Fund is launched in partnership with FundRock, part of the Apex Group, which will oversee management, global distribution, and fund administration. Apex Group subsidiary European Development Bank (“EDB”) will serve as the Fund Depository. As of May 15, 2023, the Fund is available to professional investors in the United Kingdom, Singapore, Switzerland, and Hong Kong and is pending approval elsewhere. Current investors in the fund include non-U.S. family offices, private wealth managers, and investment professionals, with plans to expand the offering to retail investors in the future.

“We are excited to launch the Goehring & Rozencwajg Resources Fund and open the door for non-U.S. investors to participate in these markets,” said Leigh Goehring, Managing Partner of Goehring & Rozencwajg. “We appreciate that our research has increasingly generated interest from a high number of international investors. Now, these investors have the opportunity to align their investments with our highly detailed insights to pursue their financial goals.”

“There has been significant interest abroad from CIOs and other investment professionals to leverage the firm’s research and tap into commodities markets with a strategic, differentiated approach,” said Adam Rozencwajg, Managing Partner of Goehring & Rozencwajg. “This fund allows this growing pool of global institutional professionals to invest with us and take advantage of the opportunities we find in the commodities markets.”

Greg Taylor, Head of Swiss Distribution at FundRock added, “We are delighted to be supporting the Goehring & Rozencwajg Resources Fund with our global distribution, depositary, and fund administration services. We continue to see demand for our services from non-European Union based managers such as Goehring & Rozencwajg who require an efficient and expedient gateway to distribute their funds in Europe and beyond. We look forward to continuing our work with the Goehring & Rozencwajg team to enable them to distribute their funds to new pools of investors globally.”

G&R’s new UCITS fund currently holds approximately $45 million in assets under management, with a goal of $200 million by the end of 2023.