Topic: How To Invest

Hello, Pat. I hold the Dynamic Precious Metals mutual fund. What do you think about this one?

Article Excerpt

Dynamic Precious Metals Fund is a mutual fund that mainly invests in mining stocks and other resource companies. The $811.6-million fund focuses on small- to mid-cap stocks. Its MER is 2.75%. The fund holds 95.2% of its portfolio in gold and precious-metals stocks, and 2.9% in metals and minerals stocks. Its top-ten holdings are Osisko Mining, San Gold, Red Back Mining, Aurizon Mines, Agnico-Eagle Mines, Alamos Gold, Kinross Gold, Allied Nevada Gold, Eldorado Gold and Andean Resources. Dynamic Precious Metals Fund holds 85.4% of its portfolio in Canadian stocks, 10.6% in Australia and 4.2% in the U.S. Dynamic Precious Metals Fund is okay for aggressive investors to hold. However, for new buying we recommend the lower-fee iShares S&P/TSX Global Gold Index Fund, $22.70, symbol XGD on Toronto (Shares outstanding: 54.8 million; Market cap: $1.2 billion). This fund aims to mirror the performance of the S&P/TSX Global Gold Index, which is made up of gold stocks from Canada and around the world…