CQS Natural Resources Benefits From Energy Reallocation As NAV Rises 22.6%

‘A war of attrition’: CQS Natural Resources doubles oil exposure and slashes precious metals holdings

CQS Natural Resources Growth and Income (CYN) has been selling down its exposure to gold and silver miners to buy more energy stocks, according to an RNS update published today (11 March). The trust’s managers – who announced last week that they are stepping down from the mandate – have been increasing exposure to the energy sector since the end of last year. Since December 2025, CYN’s allocation to gold and silver miners has fallen by 19 basis …

CQS mining fund managers Watson and Crayfourd slash gold and silver miners in hike to energy positions

CQS Natural Resources Growth & Income (CYN) fund managers Keith Watson and Robert Crayfourd have responded to the Iran war by hiking energy holdings to 34% from 24% and cutting gold and silver miners to 37% from 49% at 31 Jan. No reference was made to their imminent departure in the update. More to follow.

CQS Natural Resources Benefits From Energy Reallocation As NAV Rises 22.6%

Given recent market volatility caused by geopolitical tensions and uncertainty of the impact on energy related commodities due to the Iranian war, CQS Natural Resources Growth and Income PLC (LON:CYN) would like to provide an update on the current portfolio position. Since December 2025, the portfolio managers have been steadily reallocating from precious metals to energy related equities. As a result, the current gold and silver miner weighting…