After a year dominated by precious metals, particularly Gold and PGMs, the resources sector is beginning to show early signs of rotation towards diversified miners and base metals. While this transition remains tentative, it has started to reflect in both equity performance and positioning, as investors look beyond defensive havens toward cyclical recovery themes.
Jandre Pieterse
Sappi stands out as one of the most compelling turnaround stories in the Resources sector and is a new overweight in the funds.