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BlackRock Gold & General

Elite Rated by FundCalibre

This highly specialist fund invests in gold mining equities and other precious metal shares. BlackRock have a pedigree running this type of mandate, with the experienced manager, Evy Hambro, supported by a team of gold experts. This fund was launched in 1988 and was the “go to” name for investors looking for gold exposure, long before the rise of Exchange Traded Funds.

Company Description

A part of the US-based BlackRock Group, BlackRock manages assets across equity, fixed income, cash management, alternative investment and real estate strategies. It provides a comprehensive range of products and services across asset classes, geographies and investment strategies, with more than 130 investment teams in 30 countries.

Factsheet_blackrock_k_51mm_2in_hr

Fund Manager

Having studied Agricultural Food Marketing, manager Evy Hambro is clearly a person who enjoys being a specialist. Evy first joined Blackrock’s predecessor (MAM) in 1994 and has been part of this strategy since 2001. He is supported by a large team of mining specialists.

Factsheet_hambro_evy

This fund offers unrivalled exposure to gold equities, delivering strong long-term performance relative to its benchmark.

Evy Hambro - Fund Manager

The Investment Process

The investment process is geared towards finding the most attractive companies within the precious metal mining sector. The team use their specialist knowledge to identify companies with the most attractively-priced assets. This task is supported by a dedicated research database that appears to provide an analytical edge.

Risk

Given the volatile nature of gold prices, coupled with the cyclical nature of the mining industry, it is unsurprising that this fund displays a very high level of risk. This has been as much as double that of an investment into the UK stock exchange.

Our Opinion

The combination of an experienced manager, a well-resourced specialist team and an investment process that is well suited to unearthing value in precious metal stocks make this a good option for investors wanting gold and other precious metal equity exposure.

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