The fund was established in 2016 and has a fairly short track record which may discourage investors. However, the management team came from Thames River where they managed the same strategy from 2009. So this could be a consideration for those interested in the fund.
The aim of the fund is to be different from other pure agriculture or water funds in that it can be overweight agriculture or water, depending on the conviction of the team.
One of the challenges with thematic funds like this is that they are volatile and struggle to outperform global funds. In fact, investors can have access to agriculture (or water) through global funds. The aim of this fund is to outperform the global index and this may make it a good blend with other global funds.