Investment Objective
The Global Resources Portfolio seeks long-term growth of capital plus protection against inflation and monetary instability by investing in high quality companies involved in the mining, processing and transportation of natural resources of any kind.

Investment Process
Top-down global approach to sector and industry allocation, combined with a bottom-up style of stock selection.

The investment process begins with a top-down, global economic assessment to identify undervalued natural resources and commodity related sectors. Newgate uses fundamental analysis,investment experience and professional judgment to evaluate the impact of current geopolitical and macroeconomic factors on natural resource companies worldwide.

Newgate uses both quantitative and fundamental analyses for security selection. A rigorous, bottom-up approach focuses on a combination of relative valuation analysis and strategic business evaluation. In addition to attractive price levels, Newgate focuses on large and medium capitalization companies with dominant market share, a high degree of financial transparency and good corporate governance.