precious metals/gold fund

(redirected from Precious Metal Fund)

Precious Metals/Gold Fund

A mutual fund or other investment company that invests predominantly or exclusively in securities related to gold or other precious metals. For example, it may invest in futures contracts or options in silver and platinum.

precious metals/gold fund

An investment company that maintains a portfolio that contains a two-thirds minimum of investments in securities connected with silver, gold, and other precious metals.
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A casual observer may assume that our new Fund will behave like a precious metal fund, which many investors already seek for inflation protection," said Jim Nelson.
Jones Heward Investment Counsel, as discretionary fund manager of the BMO Precious Metal Fund, being a person deemed acting in concert with Meridian for the purposes of the Offer, held 400,000 Brancote shares prior to the offer period, representing 0.
Precious metal funds are easier because they tend to invest in a basket of holdings in companies that mine gold, silver, and other valuable ores.