millededge
Active Member
Those familiar with KWN and many years of breathless histrionics, may well reflect, even rotate on this
Eg, Sprott Enhanced Balanced Fund, which is fully 25% cash or equivalent (be surprised to hear that is metallic), 25% fixed income mutual fund and a further 25pc spread across IT, government bonds, consumer discretionary and health care
The performance of the Sprott Gold and Precious Minerals Fund is -25.2% over the last 3 years, and -19.8% over 5 years, according to its site, mostly based on Canadian, but also a hefty Aussie slice of investment. Whilst that is pretty bad news, it seems quite a lot less than the fall in silver and silver miners, suggesting the fund is largely well insulated gold miners. This year, some of these at the medium level locally have doubled, quadrupled or more.
Even the Sprott Silver Equities Class only fell -25.8% in the last 5 years. This is pretty good asset management considering the drastic fall in the USD price of silver from near 50 to 15.
Sprott Asset Management Inc., the Canadian investment firm best known for precious metals, doesn't want to solely be known for precious metals any more.
The protracted bear market for commodities has forced the fund to diversify its investments and shift focus away from the resource sector, where it profited so substantially during the bull market of the 2000s.
Company chief executive John Wilson, who was brought on in 2012 to help lead the shift, says more than 80 per cent of the company's actively managed business is not related to resources at all today, compared with only about a quarter in 2012.
Eg, Sprott Enhanced Balanced Fund, which is fully 25% cash or equivalent (be surprised to hear that is metallic), 25% fixed income mutual fund and a further 25pc spread across IT, government bonds, consumer discretionary and health care
The performance of the Sprott Gold and Precious Minerals Fund is -25.2% over the last 3 years, and -19.8% over 5 years, according to its site, mostly based on Canadian, but also a hefty Aussie slice of investment. Whilst that is pretty bad news, it seems quite a lot less than the fall in silver and silver miners, suggesting the fund is largely well insulated gold miners. This year, some of these at the medium level locally have doubled, quadrupled or more.
Even the Sprott Silver Equities Class only fell -25.8% in the last 5 years. This is pretty good asset management considering the drastic fall in the USD price of silver from near 50 to 15.