Canadian Gold Mutual Funds

Gold Mutual Funds Canada

First Published Date: August 31, 2011

Recently, I discussed Canadian Gold ETFs. Today, I will further discuss some Canadian gold mutual funds. A Dawn Journal has some great articles on mutual funds, and I encourage you to check out ETFs and Mutual Funds section as well.

CI Signature Gold Corporate Class Fund – This mutual fund primarily invests in gold bullion, gold-related stocks, and other precious metals. Fund manager is CI’s Signature Global Advisors. MER is 2.44 per cent.

Mackenzie Universal Gold Bullion Class Fund – This mutual fund is a pure gold play. As of July, 2011, 93.1 per cent portfolio of this fund is invested in gold bullion. MER is 2.58 per cent.

RBC Global Precious Metals Fund – This fund primarily invests in gold, silver, and platinum related stocks across the globe. MER is 2.09 per cent. Its low MER is a bargain.

Dynamic Strategic Gold Class Fund – Invests in gold bullion and gold equities. Fund manager shifts between gold bullion and gold stocks based on their analysis. MER is 2.47 per cent.

BMO Precious Metals Fund – BMO Precious Metals Fund primarily invests in Canadian gold and other precious metals industry. As of this writing, its Canadian holding stands at 76.2 per cent. MER is 2.32 per cent.

TD Precious Metals Fund – Similar concept like BMO Precious Metal Fund, but with a lower MER. MER is 2.22 per cent.

Sprott Gold and Precious Minerals Fund – This fund primarily invests in gold and other precious minerals companies and their certificates. As of this writing, its Canadian holding stands at 94.8 per cent. MER is 2.50 per cent.

Sprott Gold Bullion Fund – Similar concept like Mackenzie Universal Gold Bullion Class Fund, but with a lower MER. As of May, 2011, 99.6 per cent portfolio of this fund is invested in gold bullion.MER is 1.14 per cent.

Disclosure – This article is for information purposes only and No information is intended as investment, tax, accounting or legal advice, or as an offer to sell or buy or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any company, security, ETF, or fund. The author assumes no liability for any inaccurate, delayed or incomplete information, nor for any actions taken in reliance thereon. You bear responsibility for your own investment research and decisions, and should seek the advice of a qualified financial professional before making any investment decision. As of this writing, I do not own any of the funds mentioned here.