Gold mutual fund

(redirected from Gold Funds)

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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Gold-rated funds outperformed their peers over the 12-month and 36-month periods, but silver-rated funds performed slightly better than gold funds over the 60-month period.
The outflow meant asset under management (AUM) of gold funds plunged by 10 per cent so far in the current financial year.
The surge has been enough to entice hedge fund guru George Soros - who once called gold "the ultimate bubble" - to buy into gold funds and related stocks, filings showed this week.
We found that there is overwhelming demand for gold to play a greater role in Islamic finance," Dempster says, adding that "our discussions with industry participants signal that it will act as a major catalyst for the development of a broad range of Shariah-compliant gold products such as gold accumulation plans and physically-backed gold funds.
See chart on performance of gold funds vis- a- vis other funds).
6 billion from gold funds in 2013, the most in data going back through 2000, according to EPFR Global, a research company.
2bn) in Swiss assets across equities, fixed income and gold funds as at the end of May this year.
The lower prices have failed to boost physical demand in Asia, traditionally the biggest buyer of gold, and investors have continued to flee exchange-traded gold funds.
In New York, investors are dumping gold funds at the fastest pace in two years in favour of equities, compounding a slump that has wiped $560 billion from the value of central bank reserves.
Investors are said to be dumping gold funds in favour of equities, and so far the slump in prices is believed to have wiped out USD560bn from the value of central bank reserves.
Gold funds dedicated to the precious metal, not physical holdings, are favoured by some advisers.
Indeed many gold funds outperformed physical gold (in sterling terms) during August.