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gold fund

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gold fund
An investment company with all or a major part of its assets in gold or gold-related securities. A gold fund's price, which is closely related to the value of gold, frequently moves opposite the prices of other securities and stock market indexes.


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A dollar invested in the average gold fund five years ago would be worth around $3.
A precious-metals mutual fund selected at random, the Van Eck International Investors Gold Fund, has 2 averaged a 4.
He was a portfolio manager with the Franklin Templeton Group's Franklin Gold Fund and Valuemark Precious Metals Funds.
 
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