The best and worst funds of the first half
While gold funds were the out and out winners of the first half of the year, the worst performers were much more of a mixed bag.
Gold
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Schroders launches gold equities fund
Asset management giant Schroders has launched the Schroder ISF Global Gold Fund, its first gold equities offering.
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Is gold starting to glitter again?
Pictet Asset Management is overweight gold as concerns grow over political risks and the US dollar, said chief strategist Luca Paolini.
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UK savers investing in gold via Sipps soars by nearly 50%
UK savers buying gold through their self-invested personal pension schemes (Sipps) has increased by nearly a half (44%) compared to the same time last year, latest figures show.
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Brit buries £850k inheritance, Royal Mint open to pensions
The UK’s Royal Mint has opened its doors for the first time to savers looking to buy gold bars as part of their pension plan, though one brokerage firm has revealed that a British pensioner preferred to bury £850,000 ($1.2m, €1.09m) worth of gold in his back garden.
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Blurred symmetry in Q1 fund performance figures
What a difference a year makes. In the first quarter of 2015, the top 10 funds were a mixture of Japanese equities, Russian equities, and biotechnology funds, with a frontier markets fund rounding things out.
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Positive signs for gold as markets tumble
Gold outperformed most other assets as global equity markets took a beating at the start of 2016, according to State Street Global Advisors.
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ANALYSIS: For gold’s sake, stop talking safe havens
Gold has had a good start to 2016 but three months of positive fund returns and an upwardly mobile price are not enough to badge it as a safe haven.
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Investor fears see gold return to top traded funds list
The BlackRock Gold and General Fund has returned to the list of top traded funds on the Share Centre.
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Largest inflows to gold since June ’09 – BAML
A “gold rush” of $5.8bn, the largest three week inflow to gold since 2009, has coincided with the Federal Reserve “talking-down” the US dollar and rising investor fears of a recession and quantitative easing failure, according to Bank of America Merrill Lynch’s research team.
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OMGI to launch gold and silver fund
Old Mutual Global Investors (OMGI) is to launch its Old Mutual Gold and Silver Fund next month.
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Gold price rise sparks profit taking
The strong rise in precious metals prices seen last month has sparked a bout of profit taking, with gold and silver investors selling and buyer numbers falling, according to BullionVault.