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Fund That Beat 82% of Its Peers Sees Gold as Safe Election Play

  • Gold’s bull run to continue, fund manager Robert Cohen says
  • Markets likely to be destabilized after U.S. election

The Dynamic Precious Metals Fund, which beat 82% of its peers this year, sees gold as a “nice safe” bet heading into the U.S. election in November, according to portfolio manager Robert Cohen.

The precious metals-focused fund climbed 63% this year by mainly investing in gold- and silver-exposed equities, beating most of its peers, according to data compiled by Bloomberg. Dynamic Funds is a subsidiary of Bank of Nova Scotia.