These are the best funds from Equity Precious Metals; First Eagle Gold Fund. Topping the list of precious metals equity funds is Van Eck's International Investors Gold Fund (INIVX). It has an impressive performance over the past year of 47.08%. However, it has an expense ratio of 1.45%, making it the most expensive when it comes to investor fees on our list.
For those looking for a more cost-effective option, a Gold IRA broker can provide a great alternative. Despite all the benefits of gold and silver mutual funds, there are still risks and potential drawbacks. While it takes a bit of legwork to research and choose an investment fund, mutual funds do much of the work for you. The 20 best-performing funds that follow Morningstar's precious metals stock category, those that focus on mining stocks and hold stakes in ingots, silver, platinum and palladium, have recorded double-digit returns over the past five years. The fund's portfolio weights include gold (84.56%), diversified metals and mining (9.82%), copper (3.14%), precious metals and minerals (1.19%) and silver (1.14%).
Just as you're more likely to have gold or silver in your possession than platinum or palladium, gold and silver mutual funds are more popular than other precious metals. The investment strategy contained in the fund's prospectus consists of investing at least 80% of its assets in companies engaged in the extraction, refining, production or operations of gold and other precious metals, including silver, platinum and palladium. While mutual funds may require a bit of research and work, they are one of the least risky ways to invest and can bring great benefits. All investments come with risks and rewards, but today's market and economy can make gold or silver mutual funds a good addition to your portfolio.