Investment Objective
The fundamental investment objective is to achieve long-term capital growth by investing directly in gold, silver and platinum situated in Canada, by investing in deposit receipts and certificates evidencing such commodities, and by investing in the securities of Canadian and international issuers engaged in the exploration, mining and production of precious metals and stones.
Benchmark Statement
100% S&P/TSX Global Gold Index
Recommended For
This Fund may be suitable for long-term investors who are contributing to the growth component of a diversified portfolio, view precious metals and stones as a traditional source of value and want a portfolio hedge against inflation. Investors in this Fund should be willing to accept a high level of risk.
Why Invest
Potential for above-market performance.
Low MER.
Fund Manager is one of Canada’s top precious metals experts.
Portfolio Update
The price of gold rose in September, closing at US$1,007 an ounce, compared with US$951 in August. Gold was up from US$870 an ounce a year ago. Investment demand for gold bullion continues to be strong. The portfolio adviser continues to believe that ongoing concern regarding the U.S. dollar could lead to increases in investment demand over the coming year. The Fund’s focus remains on companies with superior resource assets, proven management teams and the ability to finance growth. The portfolio adviser maintains meaningful exposure to junior companies that have attractive exploration and development projects.
(September 30, 2009)
General Description
| Fund Codes:
|
TDB648
|
| Minimum non-RSP Investment:
|
$ 100.00
|
| Minimum RSP Investment:
|
$ 100.00
|
| Minimum Subsequent Investment:
|
$ 100.00
|
| Early Redemption:
|
Up to 2.00% of purchase cost if redeemed within 30 days of purchase.
|
|
MER:
|
2.15% as of June 30, 2009.
|
| Sector Class:
|
Precious Metals Equity
|
| Inception Date:
|
Nov. 23, 1994
|
| Assets:
|
$ 226.42 million as of Oct. 31, 2009.
|
| Minimum PPP Amount:
|
$25.00
|
|
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