Gold fund topping the return chartMutual fund schemes having their investment in gold are been topping the returns chart.
24 Jun 2008
The investors in mutual funds over the past year have seen the most unlikely class
of funds. Mutual fund schemes
having their investment in gold and companies associated with the precious
metal have been topping the returns chart plus after comparing the performs
against equity or debt funds they have performed far better.
The rising crude oil prices, weakening dollar and growing geo-political concerns have resulted in tremendous rise in gold prices. And it is likely to sustain over the next few months.
There are six gold exchange-traded funds.
DSP Merrill Lynch and AIG are two such companies who invest in stocks of companies
associated with gold mining. Hence, they delivered comparatively modest
returns, since stocks globally have been caught in the bear grip. ETFs have
shown a significant return of more than 50% previous year.