"With the globalisation of markets, the importance of company domicile is diminishing rapidly and we can often identify better value in Australian stocks offshore," Perpetual group executive equities Cathy Doyle said.
"The Global Resources Fund typifies this approach. Using Perpetual's bottom-up stock selection process, the fund invests in a diversified global portfolio of mining, energy, steel, commodities and related services stocks without country allocation ranges or targets."
Perpetual regards global resources as a long-term investment opportunity and used its incubator model to build a track record for the fund and its portfolio manager before taking it to market.
"Perpetual has a long history of covering the resources sector in Australia and also overseas through many of the sector's larger members who have extensive offshore exposure," Doyle said.
"Most importantly, by incubating funds with our own capital, investors have a clear picture of the fund's performance, ratings and risk/reward profile at the time of launch."
The fund was incubated more than three years ago and has since reported a return of 12 per cent a year as at 30 April 2010, she said.
Research firm Lonsec has given the product a recommended rating.
