Speaking in a podcast, Macpherson said the global agribusiness sector had outperformed global equities by 10 per cent over the past five years, making it an attractive investment.
The fund is the latest such vehicle to launch, taking advantage of the agriculture sector, which managers and intermediaries say is set for long term growth.
Baring launched its Global Agriculture fund in January last year, while BlackRock added to its range of resources funds in February this year with the BGF World Agriculture fund.
Financial Express data shows the BlackRock fund as the best performer to date, but it is not wise to judge a fund over such a short time frame.
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Source: Financial Express Analytics