Ninety One Global Gold I Acc GBP
A Select 50 Fund - Fidelity insight
Category Sector Equity Precious Metals
This fund can be held in an Investment ISA, SIPP and Investment Account
Last buy/sell price
221.57p
-4.21p (-1.86%)
Fund Code
ICGLD
B1XFGM2
GB00B1XFGM25
Prices updated as at 14 Nov 2024
Prices in GBX
Investment objective
The Fund aims to provide capital growth over at least 5 years. The Fund invests primarily (at least two-thirds) in the shares of companies around the world involved in gold mining and in related derivatives (financial contracts whose value is linked to the price of the shares of such companies).
Important documents: Please ensure that you have read the Key Information Document/Technical Guide
, Pre-sale Illustrations document & Doing Business with Fidelity document (incorporating the Fidelity Client Terms) and the fund information documents. These can be found within the Charges & documents section.
- Key stats
- Growth
- Fidelity insight
- Performance
- Charges & documents
- Dividends
- Portfolio
- Risk & rating
- Management
Our view
Why we like the fund:
This fund invests predominantly in gold-mining companies listed around the world. It is run by a commodity expert who works within a business with a long history of running gold funds. Ninety One has its roots in South Africa, where having an understanding of gold and gold-mining companies is valued.
How to use the fund:
This fund invests in companies that mine and sell gold and, although there is an expectation that their fortunes are strongly tied to the gold price, they do not always track it. We expect the fund to do better than the gold price in an environment where it is rising sharply and vice versa. Because gold often does well during times of distress and high inflation, this fund may be a good addition as an insurance policy in a diversified portfolio.
