Fat Prophets, an independent research and fund management group, today launched a new fund investing in mining and concentrated British equities.
The Fat Prophets Smartfund is a privately held investment service with two sub-funds focused on undervalued stocks in the mining and broad equity market. It has a minimum target of £20m raised at launch.
It has been launched through Praemium, an Australian Securities Exchange-listed company which provides online portfolio administration. The technology will mean that investors can track the fund’s exact holdings by stock, and the fund’s structure ensures that British investors are not subject to capital gains tax at fund level.
The minimum investment is £25,000.