The fund seeks capital appreciation in the long term by investing in companies across any size outside the United States.
The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.
Next, the research team focuses on securities of domestic and foreign companies engaged in all sectors of the gold mining and precious metals industries.
A foreign company is one that is organized under the laws of a foreign country and has the principal trading market for its stock in a foreign country.
As part of the process, the team first considers the price of gold and estimates whether the price of gold will increase or decrease.
The research process is driven by fundamental analysis of one stock at a time. In selecting securities for the portfolio, the research team focuses on company specific factors such as sales and earnings growth, the extent of ore holdings, efficiency of mining operations, melting and refinery costs, and capital adequacy to maintain and expand operations.
In addition, the team also considers the price of gold as part of its analysis.
Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.
The fund will invest primarily in senior gold producers, intermediate/mid-tier gold producers and junior gold producers; and gold mining exploration and development companies.
