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Top 5 Precious Metals Funds
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ShareMutual funds focusing on precious metals can be a safe haven of refuge when the economy is facing rough weather and markets are heading south. In fact, this is the period when they provide consistently higher returns and can outperform stocks. Additionally, a small amount of precious metals in a portfolio can provide sufficient diversification as well as protection against inflation. Since they possess the advantages of professional management and a diverse portfolio, precious metals funds are the brightest choice for investing in this sector.
Below we will share with you 5 top rated precious metals funds. Each has earned a Zacks #1 Rank (Strong Buy) as we expect the fund to outperform its peers in the future. To view the Zacks Rank and past performance of all precious metals funds, then click here.
Franklin Gold & Precious Metals A (FKRCX) seeks capital appreciation by investing in gold and precious metals or companies involved in mining or processing of these metals worldwide. The precious metals fund returned 52.41% in the last one year period and has a five year annualized return of 23.56%.
This precious metals fund has a minimum initial investment of $1,000 and an expense ratio of 1.01% compared to a category average of 1.51%.
OCM Gold (OCMGX) invests in domestic and foreign companies in the gold mining industry. It focuses on purchasing common stocks of gold producers. It may also invest in companies engaged in the production of other precious metals. The precious metals fund has a three year annualized return of 10.93%.
As of February 2010, this precious metals fund held 45 issues, with 13.34% of its total assets invested in Goldcorp, Inc.
Midas Fund (MIDSX) seeks long-term capital growth and protection against inflation. At least 65% of its assets are invested in companies involved in the mining, processing and distribution of precious metals. Up to 35% of its assets may be invested in companies deriving a share of its revenues from the precious metals sector. It is a no load fund
This precious metals fund returned 61.51% in the last one year period.
US Global Investors World Precious Minerals (UNWPX) invests the majority of its assets in companies primarily involved with exploration, mining or processing of gold and other precious metals. It looks to invest in companies with economic linkages with at least three foreign countries. The precious metals fund has a ten year annualized return of 20.25%.
Ralph P. Aldis is the fund manager and he has managed this precious metals fund since 2007.
Vanguard Precious Metals & Mining (VGPMX) invests the majority of its assets in both domestic and foreign companies whose principal operations include exploration, mining, processing, or distribution of gold and other precious metals. Up to 20% of its assets may be used to directly purchase precious-metals bullion and coins. The fund returned 79.66% in the last one year period.
The precious metals fund has an expense ratio of 0.27% compared to a category average of 1.56%.
To view the Zacks Rank and past performance of all precious metals funds, then click here.
About Zacks Mutual Fund Rank
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. Learn more about the Zacks Mutual Fund Rank at http://www.zacks.com/funds/mutualfund/
Read the full analyst report on FKRCX
Read the full analyst report on OCMGX
Read the full analyst report on MIDSX
Read the full analyst report on UNWPX
Read the full analyst report on VGPMX
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| Market Summary | May 26, 2012 08:09 am ET |
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