Fund of the week: stick with BlackRock's gold fund

We've been fans of the £1.5bn BlackRock Gold & General Fund for some time. But should you hold on to your position in it now that its manager of ten years is leaving for a 12-month sabbatical?

Investing in gold, mining and precious metal stocks, we've been fans of the £1.5bn BlackRock Gold & General Fund here at MoneyWeek for some time. Up 123% over five years, it's easy to see why. But should you hold on to your position in it now that its manager of ten years, Graham Birch, is leaving for a 12-month sabbatical?

We'd cautiously say yes. Birch's replacement, Evy Hambro, is hardly inexperienced he's part of BlackRock's 14-strong natural resources team, managing $20bn worldwide. And he has run BlackRock's offshore World Gold fund alongside Birch for some time.

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MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.