MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, August 29, 2013 Tocqueville Gold Fund Gets Bloomberg Mention Being the highest-return gold fund may be a dubious honor in a market where many gold funds have slumped, but it's an honor nonetheless. Tocqueville [profile] Gold Fund gained 0.7 percent in the past five years, ranking the best among 15 U.S.-based mutual funds investing in precious metals and mining stocks, Bloomberg's Charles Stein and Debarati Roy report. Roy and Stein write that it was one of only four funds in that category to make money over the same period, and gave the highest returns. Stein and Roy interviewed its PM John Hathaway, who is also senior managing director, whom was quoted as saying, "We identify the more prospective companies relatively early…We spend a lot of time analyzing companies and meeting with them before making an investment." Hathaway and his team do their homework by visiting mines all over the world, helping them pick stocks ahead of others. One of its holdings, Osisko Mining, has seen its stock spike 11-fold to $5.44 as of August 27, Stein and Roy report. To read more, click here. Printed from: MFWire.com/story.asp?s=45808 Copyright 2013, InvestmentWires, Inc. All Rights Reserved |