French firm, SPGP, has unveiled a new commodities fund, Citywire reports. The SPGP World Wide Commodities fund will seek to provide investors exposure to convertible bonds of companies, which operate within the natural resources sector.

The fund will be managed by Philippe Halb and Dimitri Meyer. The vehicle will invest 60% of its portfolio in convertible bonds and 40% in traditional bonds. The fund may also invest in bonds from companies with indirect links to the sector, including fertiliser producers, logistical and transport firms and food industry companies.

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