Fund of the week: Well placed to profit from gold

The co-manager of this global gold fund believes gold is in a secular bull market - and the price will only rise over the next few years.

"We certainly remain very bullish on the long-term outlook for gold," says Ani Markova in an interview with Citywire. The co-manager (pictured) of the Smith & Williamson Global Gold & Resources fund believes gold is in a secular bull market macro-economic and geopolitical factors will see the metal appreciate over the next few years.

The fund, which is 80% invested in Canada and America, aims for long-term capital growth through investment in firms that mine gold and other precious metals, as well as in the metals themselves. Of the fund, 63% is invested in gold miners. Launched in 2004, fund managers Robert Lyon, Ani Markova, Bob Farquharson and Charles Oliver, oversee a £68.6m portfolio. The fund has returned 115.7% over the past three years, or 94.9% on a five-year view.

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