Junior Gold fund to change name as it increases allocation to silver miners

Name to reflect shift to new ACD

The Junior Gold fund is to be renamed the IFSL SIM Junior Gold and Silver Miners fund, after increasing its weighting in silver mining companies over the past 18 months.

The change, which comes into effect on 26 November, also reflects the intra group transfer of the authorised corporate director (ACD) from Marlborough to IFSL, while SIM refers to the appointed investment management company, which is Sector Investment Managers. Over the past 18-month period, the portfolio weighting in silver mining companies has increased to 40% of the fund's value, against a backdrop of growing industrial demand for the metal, which the manager said is "underpinned" by the global shift towards renewable energy, electrification of transportation and other technological d...