One to Watch: Investec Global Gold

Investec Global Gold

FE Research scours the vast investment universe to select lesser known funds for your portfolios.

Gold equities have had a torrid time of late, first underperforming the price of bullion throughout 2011, and plummeting with it when gold began to tumble in the latter months of that year. Poor company management has been one of the biggest drivers of this underperformance, contributing to a loss of 60% from the HSBC Global Gold index in the three years to 30 April 2014. We still believe gold equities have a place in certain diversified portfolios, but the significant price fluctuations mean a fund specialising in this area should be held by those with at least a 10-year time horizon...