Gold mutual fund

Gold mutual fund

A mutual fund that primarily invests in gold-mining companies' stock.

Gold Mutual Fund

A mutual fund or other investment company that invests predominantly or exclusively in securities related to gold. For example, it may invest in futures contracts or options in gold itself or in stock in gold mining companies. See also: Precious Metals Fund.
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Turkey, declared on Monday start of subscription in the first negotiable gold mutual fund in stock exchange known as Gold Plus Mutual Fund.
The growth investments include a multi-cap growth fund [Smith Barney Aggressive Growth (SHRAX)]; a multi-cap value fund [such as Parnassus (PARNX)]; an international fund [such as ING International Value (NIVAX), which is now closed to new investors]; and a gold mutual fund [including First Eagle Gold (SGGDX)].
On May 28, the Reserve Bank of India (RBI) had barred banks and non-banking finance companies from extending loans against units of gold exchange-traded funds (ETFs) and gold mutual funds.
MUMBAI -- The Reserve Bank of India has said that banks would not be allowed to give loans against units of gold exchange-traded funds (ETFs) and gold mutual funds.
THE Reserve Bank of India ( RBI) has barred banks from giving loans against units of gold exchange- traded funds ( ETFs) and gold mutual funds.