Fund of the week: I would buy gold at almost any price

The soaring price of gold has served this fund well over the last five years. And with gold miners tipped to do well, there could still be plenty of growth to come.

Investors remain keen on gold, if manager Evy Hambro's BlackRock Gold & General Fund is anything to go by. In the past 24 months, the fund has swelled by £1.5bn to £3.4bn. Small wonder. The fund has delivered a five-year cumulative return of 111.6%, compared to the FTSE Gold Mines sector return of 88.8%.

Last year was tougher for the fund, which returned 2.4%, compared to 5.4% for the wider sector. The issue last year wasn't so much gold as gold equities, Hambro tells The Daily Telegraph. Gold stocks fell by 16% compared to an 11% rise in the metal price.

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Newcrest Mining8.2
Fresnillo6.3
Goldcorp6.0
Randgold Resources5.3
Barrick Gold4.6
Kinross Gold4.2
Minas Buenaventura4.0
INDS Penoles3.7
Newmont Mining3.6
Franco Nevada3.4
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