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3 Top-Ranked Precious Metals Mutual Funds to Boost Your Return

Precious metals have always been solid investment choices, especially in times of economic uncertainty. They also offer superior protection against inflation that almost no other reasonably liquid asset can claim. Since precious metals' funds hold well-diversified portfolios and are professionally managed, these offer the most stable option for investments in this sector. Meanwhile, these funds have witnessed a remarkable rebound since the start of 2016 and have emerged as one of the top performers among the broader mutual fund categories.

Below we share with you three top rated precious metals mutual funds. Each has earned a Zacks #1 Rank (Strong Buy) and is expected to outperform its peers in the future. To view the Zacks Rank and past performance of all precious metals funds, investors can click here to see the complete list of funds.

Fidelity Select GoldFSAGX invests heavily in companies whose principal operations are related to gold as well as bullion or coins. A maximum of 25% of FSAGX's assets are invested in precious metals via a wholly owned subsidiary. FSAGX focuses on acquiring common stocks of firms involved in exploration, mining, processing, or dealing in gold, or to a lesser degree, in silver and other precious metals. Fidelity Select Gold has a year-to-date return of 57.6%.

Joe Wickwire is the fund manager of FSAGX since 2007.

American Century Global Gold InvestorBGEIX seeks total return and invests in securities of global companies whose operations are related to gold or other precious metals. BGEIX invests the lion's share of its assets in companies involved in processing, mining, fabricating and distributing gold or other precious metals. American Century Global Gold Investor has a year-to-date return of 67.3%.

BGEIX has an expense ratio of 0.67% as compared to the category average of 1.45%.

Deutsche Gold & Precious Metals SSCGDX invests the majority of its assets in common stocks of companies involved in operations related to precious metals including gold, silver and platinum. SCGDX may also invest not more than 20% of its assets in investment-grade debt securities issued by precious metals companies. This non-diversified fund invests in securities of both domestic and foreign companies. Deutsche Gold & Precious Metals S has a year-to-date return of 62.4%.

As of March 2016, SCGDX held 38 issues, with 9.63% of its assets invested in Newmont Mining Corp.

To view the Zacks Rank and past performance of all precious metals mutual funds, investors can click here to see the complete list of funds.

About Zacks Mutual Fund Rank

By applying the Zacks Rank to mutual funds, investors can find funds that not only outpaced the market in the past but are also expected to outperform going forward. Learn more about the Zacks Mutual Fund Rank at https://www.zacks.com/funds .

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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