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| Fund Overview | Excess returns are generated by utilizing a relative value strategy and correctly switching the portfolio between the various physical commodities (gold, silver, platinum, palladium) and also between commodities and equities. The strategy's primary goal is to provide investors with returns ahead of Gold Bullion, essentially an enhanced gold exposure. The fund aims to provide investors with a low cost, appropriately bench marked alternative / substitute to physical gold. The investment process combines fundamental and quantitative research to isolate attractive commodities, sub-sectors and stocks. |
| Manager Comments | Amongst the precious metals, palladium again outpaced all comers increasing 12.7% closely followed by silver (+12.4%) with precious metals up in a range of 15-42% YTD, with bullion coming in at +25.6%. YTD global equities are up 4.6%. Taurus noted that the Bulls are again back in charge, with pretty much everything in the Resources and Commodity area appreciating strongly during the month. |
| More Information | » View detailed profile of this fund |
