Hambro's gold fund could pay dividends for first time in decade

BlackRock's Evy Hambro has hinted his £3.3bn Gold and General fund may be set to pay out dividends for the first time in a decade.

Speaking to the Telegraph Hambro said with an uptick in gold miners returning capital to shareholders, the fund is considering returning income to investors. "Several gold miners have started returning capital to shareholders and, if we are successful in persuading them to continue doing so, it will not be long before the income will be sufficient for us to consider passing it on to investors - just as the fund did in the 1990s," said Hambro. According to the report a spokesperson for the group said the prospect of an income payout is months away but added there is a possibility the f...