Barings' Goodwin: Commodity price volatility is here to stay

Duncan Goodwin (pictured), manager of the £307m Barings Global Resources fund, spoke to delegates at Investment Week's Funds to Watch event. Here, he outlines his views on the sector and how he has restructured his portfolio.

You restructured the fund when you took over as manager in January, what changes did you make and how has this helped the fund? When I took over we did a wholesale restructuring of the product. I changed the benchmark to focus on more than just mining and energy stocks, to include general materials such as chemicals, paper and construction. So, the number of stocks available moved up from 265 to 418. We also added more risk at the stock level than at the macro level, where the stocks drive overall performance rather than any macro play on a super-cycle. We have also increased due d...