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.
Mentioned in ?
References in periodicals archive ?
Turkey, declared on Monday start of subscription in the first negotiable gold mutual fund in stock exchange known as Gold Plus Mutual Fund.
They are also learning that shares in gold mining companies, gold ETFs, and shares of a gold mutual fund don't provide the safety and security of the tangible asset because they're still investing in paper gold.
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)].
At Van Eck, she will serve as a member of the investment teams responsible for overseeing the International Investors Gold Fund (INIVX), the first gold mutual fund, which traces its roots back to 1968; Global Hard Assets Fund (GHAAX); and Van Eck VIP Global Hard Assets Fund, which collectively had $6.
The magazine report also quotes John Embry, whose gold mutual fund was the best-performing fund in North America in 2002, as endorsing GATA's work and conclusions.
a division of Royal Bank of Canada, whose gold mutual fund is among the best performing in the world, has also issued a report that was circulated throughout Europe to clients and prospective clients that fully endorses the analysis of the gold market done by the Anti-Trust Action Committee's (GATA).
NASDAQ: GROW) has been investing in the gold mining business since 1972 when it opened the country's first no-load gold mutual fund, and since that time the company has been recognized as having one of the most qualified natural resources teams in the industry.
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.