Schroders adds Global Gold fund to commodities range

Follows strong period for the precious metal

Schroders has announced the launch of a Global Gold fund, an actively managed UCITs vehicle, run by commodities managers James Luke and Mark Lacey.

The managers said the precious metal is at an "important inflection point" after a period of extreme negative sentiment. The price of gold has surged so far this year, rising 24% to $1,314.86/oz, according to Bloomberg, as investors seek a safe haven in the metal in times of uncertainty. Many funds that were up during the aftermath of the shock Brexit vote were invested in gold and other precious metals. BGF World Gold, Investec Global Gold, Franklin Gold, and BlackRock Gold & General were the best performing funds in the four trading days after the vote. Gold: Time to short or top...