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Top 5 Precious Metals Mutual Funds
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ShareMutual funds investing in precious metals can be a source of comfort to investors when markets are heading south and the economy is passing through choppy weather. This is also a period when they generate higher returns on a consistent basis, even outperforming stocks. A portfolio with the presence of even a small amount of precious metals securities can provide sufficient diversification as well as protection against inflation. Precious metals funds are the brightest choice for investing in this sector since they possess the advantages of professional management and a wide portfolio.
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.
U.S. Global Investors Gold and Precious Metals (USERX) invests a large proportion of its assets in companies whose primary operations are related to gold and other precious metals. The precious metals mutual fund has a ten year annualized return of 26.34%.
The precious metals mutual fund has a minimum initial investment of $5,000 and an expense ratio of 1.80% compared to a category average of 1.40%.
OCM Gold (OCMGX) seeks capital appreciation. The fund invests in domestic and foreign companies in the gold mining industry. It focuses on purchasing common stocks and may also invest in precious metals producers. The precious metals fund has a five year annualized return of 15.52%.
As of August 2011, this precious metals mutual fund held 54 issues, with 12.86% of its total assets invested in Goldcorp, Inc.
Fidelity Select Gold (FSAGX) invests the majority of its assets in companies whose principal operations are related to gold, and in gold bullion and coins. Up to 25% of the fund’s assets may be invested in gold and other precious metals through a wholly-owned subsidiary. It is non-diversified and a no load fund.
This precious metals mutual fund returned 20.09% in the last one year period.
GAMCO Gold AAA (GOLDX) seeks capital growth over the long term. At least 80% of the fund’s assets are invested in domestic and foreign companies which engage in gold-related activities. A substantial portion of its assets are utilized to purchase foreign securities The precious metals fund has a three year annualized return of 20.68%.
The Fund Manager is Caesar M.P. Bryan and he has managed this precious metals fund since 1994.
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 23.96% in the last one year period.
The precious metals fund has a minimum initial investment of $1,000 and an expense ratio of 1.23% compared to a category average of 1.41%.
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 USERX
Read the full analyst report on OCMGX
Read the full analyst report on FSAGX
Read the full analyst report on GOLDX
Read the full analyst report on FGLDX
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| Market Summary | May 26, 2012 14:12 pm ET |
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