- Advertisement -
- Advertisement -

Related

AuAg Attracts Largest Investment to Date

Latest Report

- Advertisement -

Stockholm (HedgeNordic) – AuAg ESG Gold Mining, Eric Strand’s exchange-traded fund that invests in a select group of ESG-friendly gold mining companies, has secured a €24 million investment from a European pension fund. This allocation marks the largest single investment to date for AuAg Funds, the precious metals-focused fund management boutique led by Eric Strand.

Strand and his team designed the AuAg ESG Gold Mining UCITS ETF to provide both larger institutional investors and smaller retail investors with a leveraged play on the price of gold through investments in mining companies, all without employing financial leverage. As Strand previously noted to HedgeNordic, “Investing in gold miners is a leveraged bet on gold because their production costs remain relatively static while their revenue rises and falls with the price of gold.”

“This significantly increases the fund’s assets under management, which makes it investable for more large institutions.”

The ETF, trading under the ticker symbol ESGO, invests in the “best-in-class” gold mining companies from a sustainability perspective, with each company equal-weighted at four percent. The ETF currently trades on the London Stock Exchange, Deutsche Börse Xetra, Borsa Italiana in Milano, Euronext in Paris, and Zürich. The €24 million allocation from the European pension fund represents AuAg’s largest single investment since launching in 2019.

“This significantly increases the fund’s assets under management, which makes it investable for more large institutions,” comments Strand. “We are now really looking forward to the second half of 2023, where we see a lot of opportunity to continue to grow the business,” he elaborates. AuAg’s product range, which also includes AuAg Silver Bullet, AuAg Precious Green and AuAg Essential Metals, oversees just under €170 million with the latest allocation to AuAg ESG Gold Mining UCITS ETF.

Subscribe to HedgeBrev, HedgeNordic’s weekly newsletter, and never miss the latest news!

Our newsletter is sent once a week, every Friday.

Eugeniu Guzun
Eugeniu Guzun
Eugeniu Guzun serves as a data analyst responsible for maintaining and gatekeeping the Nordic Hedge Index, and as a journalist covering the Nordic hedge fund industry for HedgeNordic. Eugeniu completed his Master’s degree at the Stockholm School of Economics in 2018. Write to Eugeniu Guzun at eugene@hedgenordic.com

Latest Articles

The “Magic of Three”: Protean Select Turns Milestone into Major Allocation

Reaching the three-year mark is a key milestone and often a turning point for any emerging hedge fund. For Protean Select, the opportunistic equity...

Twelve Years On, Nordkinn Expands with Two PMs and Advisor

Twelve years after its inception, Nordkinn Asset Management is entering a new growth phase, expanding its investment team with the appointments of Arian Kalantari...

Merger Cleared: Carlsson Norén to Transition Funds to UCITS

After nearly two decades as an independent fund manager, Carlsson Norén Asset Management is joining Meriti Capital, following regulatory approval from Finansinspektionen. Its two...

Symmetry Grows Almost Tenfold in 5 Years, Surpasses DKK 1 Billion

A disciplined investment strategy, strong performance, an expanded team, and a more institutionalized setup have helped long/short equity fund Symmetry Invest surpass DKK 1...

Norron Select’s Rocky Start and Swift Recovery

Off to a strong start in January, long/short equity fund Norron Select faced a challenging February, March, and early April, with its year-to-date performance...

Varma’s Hedge Funds Show Steady Performance

The first half of 2025 was far from smooth sailing for investors, hedge fund managers included. Varma, Finland’s largest hedge fund investor, nevertheless reported...

Allocator Interviews

In-Depth: High Yield

Voices

Request for Proposal

- Advertisement -
HedgeNordic
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.