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The Luxembourg-domiciled Sicav sub-fund is a bottom-up, unconstrained portfolio of 30-50 high-conviction stocks.

The vehicle is situated in Lipper Global Equity Sector Natural Resources, but it has no benchmark and no related performance fee.

Managers Duncan Goodwin and Chris Butler have delivered 22.9 per cent gains in dollars over one year to 30 June against a sector average of 20 per cent, according to Martin Currie.

Over the 12 months to 30 June 2007, they posted 53.7 per cent returns, outperforming the peer group by 2500 basis points. The portfolio was launched in December 2005.

Toby Hogbin, head of product development at Martin Currie, said: "We have a strongly performing product in a key sector of the market, and we are looking to ensure investors can participate in its success.

"The strength of the fund is it does not need to generate benchmark-related returns."

The fund is currently weighted toward developed market listings, with 45.9 per cent in North America and 42.7 per cent in Europe.

It incorporates some of Martin Currie's favoured holdings in its £321m North American fund, which is ranked second out of 64 funds in the North America sector over three years and second out of 71 over 12 months to 30 June.

Related positions include 3.5 per cent in Fording Canadian Coal and 3 per cent in Potash, which is 3.1 per cent and 3.6 per cent respectively of the North American fund.