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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For example, a domestic equity gold mutual fund would have a Level 1 CRSP Style Code of "Equity," a Level 2 code of "Domestic," a Level 3 code of "Sector," and a Level 4 code of "Gold." In our analysis, we retain codes at Level 4 for a more detailed breakdown of fund styles.
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.
" As these products are backed by bullion and primary gold, the restriction on grant of loan against gold bullion will be applicable to loan against units of gold ETFs and units of gold mutual funds," RBI said in a statement on Monday.
On Monday, the central bank said that commercial banks in the nation would not be allowed to provide loans against units of gold exchange-traded funds (ETFs) and gold mutual funds.
However, no advance can be given by a bank for purchase of gold in any form, as well as for purchase of gold exchange traded funds and units of gold mutual funds.
Tocqueville manages one of the most successful and award winning gold mutual funds in the US (Tocqueville Gold Fund) which has consistently delivered top quartile performance since 1998.
"Invest in some alternative asset classes like precious metals or gold mutual funds, which don't move in concert with the stock market," Johnson advises.
You'll also explore diverse ways to invest and trade in gold stocks; domestic, foreign, and even ancient gold coins; gold mutual funds; and to intelligently hedge and speculate with futures and options in the gold market.