GLD - ASA: A Benchmark For Gold And Precious Metals Mining Exposure

2024-01-22 15:12:52 ET

Summary

• The actively managed ASA Gold and Precious Metals fund has historically outperformed sector benchmarks and indexed ETFs.
• Mining stocks have faced volatility over the past year although we see value in the group as gold trades just a few points from an all-time high.
• We are bullish on gold and expect ASA to outperform to the upside with its unique exposure to junior miners.

ASA Gold and Precious Metals Ltd ( ASA ) is structured as a closed-end fund to generate long-term capital appreciation in the gold mining industry. The attraction here is the actively managed research-driven strategy with the opportunity for the portfolio manager to identify compelling opportunities....

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