Global Natural Resources

Invest in the foundations of the global economy

A specialist natural resources fund, targeting quality global companies across the metals & mining, energy and agriculture sectors, with a particular investment expertise in small/mid cap opportunities.

Why invest

Built for a
changing world

Tight supply, resilient balance sheets and near‑generational low valuations position natural resources to benefit from powerful structural trends the market is underestimating.

Enhanced
returns

Historically improved equity returns without increasing volatility, maintaining Sharpe ratios while offering strong inflation sensitivity when it matters most.

Actively managed, truly differentiated

Diversified across geographies, market caps and three distinct sectors - metals & mining, energy and agribusiness - creating multiple sources of alpha.

Deep
expertise

Co-managers with 35+ years' average experience, backed by a global network of 150+ equity professionals, unlocking insight- driven opportunities others miss.

Proven
diversifier

Low to negative correlation with growth, value, equities and bonds — delivering powerful diversification benefits that strengthen over time.

About the fund

The Global Natural Resources Fund is an actively managed equity fund investing in global companies across energy, metals and materials. It aims to deliver long‑term capital growth through diversified exposure to natural resource sectors.
Inception date 1 July 2012
Benchmark S&P Global Natural Resources Index (net
dividends reinvested) in AUD
Risk profile Very High
Minimum initial investment $25,000
Management fee 1.10% p.a.
Buy/Sell spread 0.15% / 0.15%
APIR code ETL0331AU
Income distribution Biannually
Fund details

Platform availability

  • Mason Stevens
  • Netwealth
  • PowerWrap
  • Praemium
  • uXchange
  • AMP North
  • BT Panorama
  • CFS Edge
  • HUB24
  • Macquarie Wrap
Factsheet Fund profile

Meet the managers

We provide access to some of the industry's most talented and innovative thinkers. Our highly-experienced Global Natural Resources Investment team has a proven track record of managing global smaller company portfolios.

Daniel Sullivan
Daniel Sullivan

Portfolio Manager

Daniel Sullivan is a Portfolio Manager at Janus Henderson Investors, a position he has held since 2019. He served as Co-Head of Global Natural Resources from the start of 2019 and became Head of Global Natural Resources from the end of 2019 to 2026. Previously, he was a portfolio manager and senior resource analyst at 90 West, which Henderson acquired in 2015. Earlier, he worked as an analyst and a portfolio manager at Goldman Sachs, Deutsche Asset Management, Zurich Scudder Investments, and AMP Investments.

Daniel received a bachelor of mining engineering degree (Hons) from the University of Sydney and a Graduate Diploma of applied finance and investment from the Securities Institute of Australia. He has 37 years of natural resources experience.

Darko Kuzmanovic
Darko Kuzmanovic

Portfolio Manager

Darko Kuzmanovic is a Portfolio Manager on the Global Natural Resources Team at Janus Henderson Investors, a position he has held since 2019. He has extensive experience in global resources markets. Before joining Henderson as a portfolio manager in 2015, he was a partner and portfolio manager at Caledonia Resources Management and a portfolio manager at Colonial First State. Prior to that, he was a portfolio manager at David Tice & Associates in Vancouver and a member of the global resources team at Zurich Scudder.

Darko received a bachelor of metallurgical engineering degree (Hons) from the University of New South Wales and an executive MBA from Macquarie Graduate School of Management. He has 41 years of natural resources experience.

Insights

Global natural resources: Structural tailwinds driving the next commodities supercycle

Natural resources stocks look set to benefit from ‘Supercycle 2.0’.

Building smarter, more resilient commodity exposure through alternatives

When traditional commodity strategies fall short, how can alternative strategies unlock broader, more resilient opportunities?

View all insights

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