Ninety One Global Gold Fund

Select share classes
There is only one type of share class for this fund.

Ninety One Global Gold I Acc GBP

A Select 50 Fund - Fidelity insight
Category Sector Equity Precious Metals



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This fund can be held in an Investment ISA, SIPP and Investment Account
Last buy/sell price

201.04p

arrow-down-1.03p (-0.51%)

Fund Code

ICGLD

B1XFGM2

GB00B1XFGM25

Prices updated as at 18 Jun 2024
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Prices in GBX

Investment objective
The Fund aims to provide capital growth over at least 5 years. The Fund invests primarily (at least two-thirds) in the shares of companies around the world involved in gold mining and in related derivatives (financial contracts whose value is linked to the price of the shares of such companies).

Our view

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Why we like the fund: This fund invests predominantly in gold-mining companies listed around the world. It is run by a commodity expert who works within a business with a long history of running gold funds. Ninety One has its roots in South Africa, where having an understanding of gold and gold-mining companies is valued. How to use the fund: This fund invests in companies that mine and sell gold and, although there is an expectation that their fortunes are strongly tied to the gold price, they do not always track it. We expect the fund to do better than the gold price in an environment where it is rising sharply and vice versa. Because gold often does well during times of distress and high inflation, this fund may be a good addition as an insurance policy in a diversified portfolio.

Important Information

Please note the value of investments can go down as well as up so you may get back less than you invested. This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to an authorised financial adviser. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and(3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.