Given gold's continued strong performance over the past year it has risen 29% it's hardly surprising that the BlackRock Gold & General Fund is proving popular with Isa investors. But after having risen 120% in the past five years, can it go any further?
Fund manager Evy Hambro invests in gold-mining companies and other commodity businesses. He believes the price of gold miners has become disconnected from the price of gold and a correction is due. "Gold shares are down around 10% in sterling terms since the start of the year, while the gold price is down about 3%. That is a material difference and you would not expect that, given recent correlations," he tells Investment Week. However, Hambro also believes that three factors will help propel the gold price up over the coming months.
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BlackRock Gold & General Fund top ten holdings
| Newcrest Mining | 9.8 |
| Fresnillo | 6.8 |
| Gold Corp | 6.0 |
| Kinross Gold Corp | 5.7 |
| Newmont Mining Corp | 5.7 |
| Agnico Eagle Mines | 4.6 |
| Compania De Minas Buenventura | 4.5 |
| Randgold Resources | 4.1 |
| Anglogold Ashanti | 3.2 |
| Barrick Gold Corp | 3.2 |
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MPs warn over Lifetime ISAs which could leave savers out of pocketThe Treasury Committee has highlighted confusion around the Lifetime ISA withdrawal charge, which risks consumers losing “a significant part of their savings”
