Volatility in global markets continued to be a theme over the month, with significant swings seen on a daily basis. Whilst market sentiment was relatively upbeat at the start of the month, it fell away significantly as the month drew to a close, as investors were spooked by the emergence of the highly transmissible Omicron...
The Fund recorded a strong gain in November of 5.61%. In terms of sector attribution, carbon credits (+5.13%) were a key driver of performance, while precious metals names also continued to add value (+2.69%). Uranium (+1.29%), and battery metals (+0.97%) were among the other strong contributors for the month. The primary detractor from performance was...
The Fund recorded a strong gain in November of 5.61%. In terms of sector attribution, carbon credits (+5.13%) were a key driver of performance, while precious metals names also continued to add value (+2.69%). Uranium (+1.29%), and battery metals (+0.97%) were among the other strong contributors for the month. The primary detractor from performance was...
The strategy provided a net return of 345% for the 2020/21 fiscal year. Calendar year-to-date to the end of September the strategy is up 173% net of fees bringing the net return since inception to 478%. After broad market weakness at the end of November, the current quarter-to-date return is flat. Read the full factsheet...
BREAKING NEWS!! Overnight, the Sprott Physical Uranium Trust (SPUT) announced they would be renewing their “At The Market “(ATM) facility with an additional one-billion-dollar (US$1bn) capacity. This is 2-3 times larger than the market was expecting. The spot price in a historical context still has a long way to run. If you are not convinced...
July was a very poor month for Asian markets, particularly China, where increased regulatory crackdowns led to extreme volatility across both equity and credit markets. Tech and property sector regulations continued to worry investors, but it was the announcement by the Chinese government of very harsh regulation in the after-school education sector that seemed to...
The Fund posted a gain of 0.70% for July. Performance was led by the portfolio’s exposures to base metals (1.72%), battery metals (1.68%) and diversified miners (1.06%). Bulk commodity producers (-0.77%) and uranium related positions (-0.63%) were the largest detractors. Despite the relatively benign headline move in July performance there was large dispersion within the...
Northern Hemisphere summer doldrums arrived in July with very little market activity and soggy equity prices. There was little change to the portfolio during the month as we waited for the much-anticipated Sprott Physical Uranium Trust to light a match under the physical market and the closely watched spot price indicator. When Sydney went into...
A strong end to the month generated an estimated gross return of 15.3% for April bringing the year-to-date return to 67% and 1-year return to 558%. The strategy continues to outperform sector ETFs and the larger single stock names in the sector, underscoring our diversified approach which includes exposures to the uranium spot price, large...
The Fund posted a material gain in April rising by 10.74%. This boosted the Fund’s financial year-to-date gain to 92.97%. Performance was primarily driven by the Fund’s exposure to the rising structural demand for commodities driven by clean, green energy policy. This included base metals (5.99%) primarily copper and nickel, battery metals (1.73%) and uranium...