CQS Natural Resources Growth & Income (ticker: CYN) was set up in 1994 as Aberdeen Latin American. In 2003, with the shares still down around 50% from their issue price, it was relaunched as a specialist equity trust focused on the mining and resources sector. Since 2003, CYN has produced an annualised NAV return of around 10% compared to around 9% for its composite resources/fixed-income benchmark however it is still quite a small trust with a market cap of around £125m. It has been a very volatile ride for investors, though, with the shares taking until 2022 to recover on a total return ...