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Top 5 Precious Metals Mutual Funds
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ShareInvestors often seek solace in precious metals instruments during a downturn. These investments are considered to be a natural hedge against a rapidly declining currency. Even a small portion of precious metals in a portfolio can provide significant protection against inflation. In addition, when markets are slowing down, securities related to these industries acquire greater significance. Precious metals funds are the best option for investing in this sector since they possess the advantages of professional insight and well-diversified portfolios.
Below we will share with you 5 top rated precious metals mutual 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.
Invesco Gold & Precious Metals Investor (FGLDX) invests a large proportion of its assets in companies whose primary operations consist of activities related to gold and other precious metals. Not more than 10% of its assets may be invested in gold bullion. The precious metals fund returned 20.34% in the last one year period.
The Fund Manager is Andrew Lees and he has managed this precious metals fund since 2008.
Rydex Precious Metals (RYPMX) seeks capital growth. The fund invests in domestic precious metals companies. The majority of its assets are used to purchase equity securities and derivatives. It is non-diversified and seeks capital growth. The precious metals mutual fund has a ten year annualized return of 14.44%.
As of June 2011, this precious metals mutual fund held 35 issues, with 11.89% of its total assets invested in Freeport-McMoRan Copper & Gold B.
Midas (MIDSX) invests 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. This precious metals fund returned 21.51% in the last one year period.
The precious metals mutual fund has a minimum initial investment of $1,000 and an expense ratio of 2.14% compared to a category average of 1.42%.
Oppenheimer Gold & Special Minerals A (OPGSX) seeks capital growth. The fund invests primarily in domestic and foreign companies whose major operations include mining, processing or dealing in metals and minerals. This precious metals fund is non-diversified and has a three year annualized return of 11.68%.
The Fund Manager is Shanquan Li and he has managed this precious metals fund since 1997.
Tocqueville Gold (TGLDX) invests the majority of its assets in gold or companies involved in mining or processing of gold worldwide. The fund may also consider other precious metals for investment purposes. Up to 20% of its total assets may be invested directly in other precious metals. The precious metals fund returned 26.83% in the last one year period.
The precious metals mutual fund has a minimum initial investment of $1,000 and an expense ratio of 1.34% compared to a category average of 1.42%.
To view the Zacks Rank and past performance of all precious metals mutual 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.
Read the full analyst report on FGLDX
Read the full analyst report on RYPMX
Read the full analyst report on MIDSX
Read the full analyst report on OPGSX
Read the full analyst report on TGLDX
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| Market Summary | May 26, 2012 15:51 pm ET |
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