Commodities boom is just starting

Today’s macroeconomic settings are increasingly supportive of commodity prices, with the impact of enormous fiscal programs globally and the rising threat of inflation already driving significant rises in most commodities. Bellwether commodity, copper, has nearly doubled since last year's low, to reach an almost ten-year high.

Lucerne Investment Partners believes commodities have the potential to be a long-term, well-supported, market theme. We also believe that moving early on emerging themes via a high-quality active manager offers an effective way to provide exposure, and were the seed investor, via the Lucerne Alternative Investments Fund (LAIF), in the Perennial Global Resources Trust (Perennial GRT) in March 2020.

Perennial GRT is a wholesale unit trust investing in listed and unlisted companies exposed to the resources industry, aiming to generate absolute returns for investors.

Perennial GRT presents another example of where Lucerne and LAIF identified a theme early and were either the foundation investor or the first institutional investor in a quality manager to capitalise on the theme.

In the ten months since inception, Perennial GRT has generated a net return of 97%, which LAIF investors have benefited from.

We are pleased to host Sam Berridge, Portfolio Manager at Perennial Global Resources Trust, in a webinar hosted by Michael Houghton, Executive Director at Lucerne Investment Partners.

Sam talks through the Macroeconomic framework supporting higher commodity prices, and some of the specific themes within the resource sector including the mineral supply chain that feeds the rapidly growing electric vehicle industry. Sam will also provide an overview of the Trust.