Top 5 Zacks #1 Ranked Precious Metals Funds - Best of Funds
April 29 2013 - 8:51AM
Zacks
Precious metals have always been a solid investment choice,
especially in times of economic uncertainty. They also offer
superior protection against inflation, which cannot be said of
almost all other reasonably liquid assets. Consequently, they
outperform other sectors during a market downturn, as they have
demonstrated in the recent past. Since they hold well diversified
portfolios and are professionally managed, precious metals funds
offer the most stable option for investments in this sector.
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, investors
can click here to see the complete list of funds.
U.S. Global Investors Gold and Precious Metals (USERX)
seeks capital appreciation over the long term. The fund invests a
large proportion of its assets in companies whose primary
operations are related to gold and other precious metals. The
precious metals fund is non-diversified and has a ten year
annualized return of 15.19%.
The precious metals mutual fund has a minimum initial investment
of $5,000 and an expense ratio of 1.61% compared to a category
average of 1.42%.
Gabelli Gold AAA (GOLDX) invests the majority of its net
assets in equity instruments of both domestic and foreign companies
which engage in gold-related activities. It invests both mature
markets and emerging economies. The precious metals fund has a ten
year annualized return of 11.98%.
The fund manager is Caesar M.P. Bryan and he has managed this
precious metals mutual fund since 1994.
American Century Global Gold (BGEIX) seeks capital growth
and dividends. The fund purchases securities issued by companies
whose principal operations involve mining, processing and
distributing gold and precious metals. The precious metals mutual
fund is non-diversified and has a ten year annualized return of
10.55%.
The precious metals mutual fund has a minimum initial investment
of $2,500 and an expense ratio of 0.69% compared to a category
average of 1.42%.
OCM Gold Investor (OCMGX) invests in domestic and foreign
companies regardless of their market capitalization in the gold
mining industry. It focuses on purchasing common stocks and may
also invest in precious metals producers. The precious metals fund
is non-diversified and has a ten year annualized return of
11.51%.
As of March 2013, this precious metals fund held 42 issues with
15.44% of its total assets invested in Goldcorp, Inc.
Fidelity Select Gold (FSAGX) seeks capital growth. The
fund invests the majority of its assets in companies whose
principal operations are related to gold, and in gold bullion and
coins. A maximum of 25% of the fund’s assets may be invested in
gold and other precious metals through a wholly-owned subsidiary.
The precious metals fund is non-diversified and has a ten year
annualized return of 10.72%.
The fund manager is Joe Wickwire and he has managed this
precious metals mutual fund since 2007.
To view the Zacks Rank and past performance of all precious
metals mutual funds, investors can click here to see the complete
list of funds.
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.
View All Zacks #1 Ranked Mutual Funds
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