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Smith & Williamson Global Gold & Resources

Ranked 1 out of 13 in - Gold & Precious Metals over 12 months
All calculations are in GBP

Managed by

Bob Lyon

Bob Lyon is based in Toronto and joined AGF (which has a minority share in Smith & Williamson) nearly 20 years ago and is a fund manager for the Smith & Williamson Global Gold Resouces fund as well as the AGF precious metals fund. He has many years' experience in portfolio management and the marketing of natural resource funds.

Ani Markova

Ani Markova is based in Toronto and is a member of the Toronto CFA society. Since 2003 she has worked for AGF Investments Inc where she is a vice president and portfolio manager. Ani co-manages the Smith & Williamson Global Gold & Resources Fund alongside Bob Lyon and uses a top down and bottom up investment style. She gained an MBA in International Business and Finance from George Washington University in Washington DC. Ani was born in Sofia in Bulgaria and outside of fund management she enjoys golf, tennis, skiing and photography.

Objective

The Fund aims to achieve long-term capital growth by investing primarily in the shares of gold mining companies, precious metal related companies and resources based companies quoted on recognised and eligible markets. The Fund may also invest in gold bullion shares, other transferable securities, money market instruments, deposits, collective investment schemes and warrants. The Fund will typically be fully invested in a spread of equities principally within the gold and precious metal industry.

Performance

Gold & Precious Metals over : 30/09/2013 - 30/09/2014

Total Return

Quarterly Performance

to 30/09/2014 Annual Q1 Q2 Q3 Q4
2014 11.4% 15.0% 8.5% -10.8%
2013 -45.4% -8.7% -36.7% 11.8% -15.4%
2012 -13.5% -1.4% -16.9% 22.4% -13.8%
2011 -27.0% -3.2% -10.2% -12.3% -4.3%
2010 65.8% 7.2% 8.7% 16.1% 22.5%
2009 73.8% 22.8% 0.2% 23.3% 14.6%
2008 -29.0% 1.3% -3.0% -28.3% 0.8%
2007 24.6% 6.8% 5.7% 8.5% 1.8%
2006 33.8% 27.5% -2.6% -0.1% 7.9%
2005 33.6% -6.2% 0.3% 22.3% 16.0%

Month by Month Performance

Returns Vs Risk

Asset Allocation

Breakdown

31/08/2014

Top 10 Holdings

Stock Size
Tahoe Resources Inc ORD 5.17
Central Fund of Canada Ltd CAD 4.73
Agnico Eagle Mines Ltd ORD 4.39
Stillwater Mining Co ORD 4.17
Randgold Resources Ltd DR 3.94
Eldorado Gold Corp ORD 3.82
Goldcorp Inc ORD 3.64
Semafo Inc ORD 3.44
Primero Mining Corp ORD 3.35
Silver Wheaton Corp ORD 2.93
31/07/2014

Registered For Sale In

  1. United Kingdom

Fund Info

  • Launch date03/12/2004
  • Share Class size42Mn
  • Base currencyGBP
  • ISIN GB00B04PXP62

Purchase Info

  • Min. initial investment1,000
  • Min. additional investment0

Charges

  • Annual management1.8%
  • Initial investment5

Related News

Smith & Williamson tap into EM opportunity with fund launch

Smith & Williamson has launched an emerging markets value fund for AGF Funds' Richard McGrath.

A-rated gold manager: India ‘getting its act together’ is a risk

Bob Lyon, the Citywire A-rated manager of the Smith & Williamson Global Gold and Resources fund, has recognised that moves by the Indian government to suppress the gold trade are depressing the metal’s price, but argued that the greater long-term risk is that India finally modernises its economy.

S&W’s Markova: gold bullion set to soar on ‘enormous’ QE

Smith & Williamson’s Ani Markova believes the US Federal Reserve’s ‘enormous’ amount of quantitative easing will boost gold in 2013.

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MARKET BLOG: New figures show gold funds have surged in the past month, while China funds have slumped.

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Shorting the euro and backing India are key calls for Newscape Captial's Richard Bonnor-Moris.

Citywire Selection watchlist: S&W Global Gold and Resources

Smith & Williamson Global Gold and Resources fund co-manager Ani Markova has taken the fund's gold bullion exposure to its maximum weighting of 10% and has been moving into more defensive large cap names after a tough 2011.

The one commodity that could defy the downturn

Lurking in the shadows of ubiquitous precious and resource commodities is mineral sands, which miners have been reaping rewards from and fund managers believe will beat the slowdown.

The big gold opportunity as Bank fires QE gun again

Smith & Williamson's Ana Markova believes gold could hit $2,500 and the BoE's decision to pump an additional £50 billion into the UK adds further weight to her argument and potentially creates a big opportunity in gold shares.

The miners most sensitive to gold's renewed rally

Juniors and mid-tier producers are set to capture the precious metal's push above its all-time $1,600 high.

Are dazzling diamonds set to take the shine off gold?

Barely a week has gone by without gold hitting a new high, but over the first half of the year is diamonds that dazzled.

...more...

Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in GBP).