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Top Precious Metals Equity Funds

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April 21, 2009 |Comments: 0
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Today we are featuring top-performing "precious metals" equity mutual funds that invest in gold stocks and/or precious metals or bullion.

Investors can find such funds by checking out the entire list of the Zacks #1 Rank Precious Metals Equity Funds list.

3 Precious Samples

Van Eck Intl Investors Gold A (INIVX) was incepted in February 1956 and seeks long-term capital appreciation by investing in common stocks of gold-mining companies.

The fund may take current income into consideration when choosing investments. It is non-diversified. As of December 2008, its turnover ratio was 18%.

Randgold Resources Ltd. (GOLD), Agnico-Eagle Mines (AEM) and Goldcorp Inc. (G) are among the fund's top holdings.

AIM Gold & Precious Metals A (IGDAX) seeks growth of capital by investing in companies involved in exploring, mining, processing or investing in gold, gold bullion, and other precious metals.

IGDAX offers dividends and capital gains, if any, annually. The fund has been managed by Andrew Lees since January 2008. The fund has topped its benchmark index in terms of annual returns in the 1-, 3-, and 5-year periods.

Its top holdings include Newmont Mining Corp. (NEM), Franco-Nevada Corp. (FNV) and Barrick Gold Corp. (ABX).

RiverSource Precious Metals & Mining A (INPMX) was incepted in April 1985 and seeks to provide shareholders with long-term growth of capital. The fund invests primarily in the stocks of companies engaged in the precious metals or mining industries. It is non-diversified.

The fund invests at least 50% of its net assets outside the U.S, offering significant foreign market exposure. Unit holders have to make a minimum initial investment of $2,000 to enter this Zacks#1 Rank ("Strong Buy") fund.

The fund's key holdings include Anglogold Ashanti Ltd. (AU), Newmont Mining Corp. (NEM) and Yamana Gold Inc. (YRI).

Discover Many More Funds

Learn more about the new Zacks Mutual Fund Rank and discover some of the best market-beating mutual funds by browsing our new mutual funds section. This part of Zacks.com offers a variety of tools, including mutual fund research, a new mutual fund screener/>, helpful answers to frequently asked questions and quick access to prospectuses and other information.

By applying the Zacks Rank to mutual funds, investors can find funds that not only outpaced the market in the past but are also expected to outperform going forward.

Read the full analyst report on INIVX

Read the full analyst report on IGDAX

Read the full analyst report on INPMX

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