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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.
First Eagle Gold A (SGGDX) invests a large proportion of its assets in gold or related instruments or in companies principally operating in the gold industry. Not more than 20% of the fund’s assets may be utilized to purchase stocks from unrated sectors. This precious metals mutual fund returned 3.46% in the last one year period.
The precious metals mutual fund has a minimum initial investment of $2,500 and an expense ratio of 1.22% 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 three year annualized return of 24.23%.
As of September 2011, this precious metals mutual fund held 61 issues, with 13.15% 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.
The precious metals fund has a five year annualized return of 13.17%.
USAA Precious Metals and Minerals (USAGX) seeks protection against inflation and long term capital growth. The fund invests the majority of its assets in domestic and foreign companies with primary operations in the precious metals sector. The precious metals fund has a ten year annualized return of 26.36%.
Mark W. Johnson is the fund manager and has managed this precious metals fund since 1994.
GAMCO Gold AAA (GOLDX) invests at least 80% of its assets in domestic and foreign companies which engage in gold-related activities. A substantial portion of the fund’s assets are utilized to purchase foreign securities. The precious metals fund has a three year annualized return of 19.67%.
The precious metals mutual fund has a minimum initial investment of $1,000 and an expense ratio of 1.44% compared to a category average of 1.40%.
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 SGGDX
Read the full analyst report on OCMGX
Read the full analyst report on FSAGX
Read the full analyst report on USAGX
Read the full analyst report on GOLDX
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| Market Summary | May 26, 2012 13:24 pm ET |
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