precious metals/gold fund

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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.
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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.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
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("Hudbay" or the "Company") (TSX, NYSE:HBM) and Waterton Precious Metals Fund II Cayman, LP and Waterton Mining Parallel Fund Offshore Master, LP, each of which are managed by Waterton Global Resource Management, Inc.
Hudbay Minerals, Waterton Precious Metals Fund and Waterton Mining Parallel Fund, each of which are managed by Waterton Global Resource Management, announced a settlement agreement that will result in the following eleven nominees being elected as Hudbay's board of directors at Hudbay's annual and special meeting of shareholders scheduled for May 7: Carol Banducci, Igor Gonzales, Alan Hair, Alan Hibben, Richard Howes, Sarah Kavanagh, Carin Knickel, Peter Kukielski, Colin Osborne, David Smith and Daniel Mun~iz Quintanilla.
30 August 2016 - UK-based copper exploration and development company Galileo Resources Plc (LSE: GLR) has sold the Gabbs Gold-Copper Property in Nevada USA to a subsidiary of Waterton Precious Metals Fund II Cayman, LP for USD 2.5m (GBP 1.9m) in cash, the company said on Tuesday.
BMO GAM also claimed top honours for BMO Precious Metals Fund - Series A: Best Mutual Fund in the Precious Metals Equity Space (over five years); BMO Mid Corporate Bond Index ETF: Best Fund in the Canadian Fixed Income Space (over three years) and BMO Junior Gas Index ETF: Best Fund in the Energy Equity Space (over three years).
The company has completed the sale through a USD10m Share Purchase Agreement with Waterton Nevada Splitter LLC, a portfolio company of Waterton Precious Metals Fund II Cayman LP.
Replacing bonds with metals -- With the same stock percentage, you invest 40 percent in a precious metals fund instead of bonds.
On the flip side, Birla Sun Life Global Precious Metals Fund has given a return of only 0.5 per cent.
Precious metals fund investors could have benefitted from momentum investing in 2010, when that category set the pace, but the price of gold has soared so rapidly that further growth may be difficult to sustain.
Also staying defensive was Paula Bujia, manager of the $330 million Schroders Gold and Precious Metals Fund, which came fourth.
Franklin Templeton brings three new funds to the Gulf Franklin Templeton Investments has launched three new funds - Franklin Gold and Precious Metals Fund, Templeton European Corporate Bond Fund and Franklin Real Return Fund, all sub-funds of Franklin Templeton Investment Funds (FTIF), a Luxembourg-registered SICAV.