Schroders launches gold equities fund

Added 30th June 2016

Asset management giant Schroders has launched the Schroder ISF Global Gold Fund, its first gold equities offering.

Schroders launches gold equities fund

The fund will be managed by Schroders’ commodities fund managers James Luke and Mark Lacey. Luke has over 10 years of investment experience and is a precious metals specialist. Lacey has over 20 years of experience as a fund manager specialising in commodities.

An unconstrained, bottom up investment strategy will be employed, aiming to tap into both the stock picking skill of the managers and the wider research capability of the Schroders commodities team.

The UCITS compliant offering will not be purely based on gold, with other precious metal stocks such as silver and platinum also targeted when opportunities present themselves.

Gold at inflection point

Luke and Lacey said we are now at an important inflection point for gold. Its appeal as an investment asset is increasing following a period of extreme negative sentiment towards both the metal and the gold producers, they noted.

The pair added that they expect physical gold prices to continue recovering in the coming years, driven primarily by continued negative real interest rates and increased global macro risks, as demonstrated very recently with Brexit.

Global head of distribution John Troiano said:  “We have a strong commodities capability at Schroders, which we are continuing to grow.

"Gold companies are near 10 and even 15 year lows and while current sentiment remains negative, we are beginning to see signs that the fundamentals are turning positive for these companies. Schroder ISF Global Gold will allow investors to participate in any turnaround in gold equities.”

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Alex Sebastian

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Alex joined Portfolio Adviser in April 2014 and has been a financial journalist since 2008. He has previously held editorial positions at the Financial Times Group and Euromoney Institutional Investor. Alex is NCTJ qualified and has a degree in economics from the University of Sussex.

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