Tocqueville Is Best Gold Fund Amid Price Plunge: Riskless Return
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As bullion went from a rally to bear market over the past five years, leaving most gold funds with losses, Tocqueville Asset Management LP’s John Hathaway made money by picking promising mining stocks early.
Hathaway’s $1.4 billion Tocqueville Gold Fund gained 0.7 percent in the past five years when adjusted for price swings, the best among 15 U.S.-based mutual funds that invest in precious metals and mining companies, according to the BLOOMBERG RISKLESS RETURN RANKING. The fund produced the highest absolute returns in the group with the second-lowest volatility and was one of just four funds to make money over the period, according to the data.