BlackRock's Evy Hambro, manager of the £2.8bn Gold & General fund, said gold should be trading about 30% above its current record high, taking inflation into account.
BlackRock is to launch a global emerging markets income fund in August as part of its BGF Luxembourg range.
BlackRock is to launch two passively-managed funds of funds investing in a selection of the firm's equity and fixed income tracker funds.
BGF Latin America manager says big overweight in Brazil is driving performance.
BlackRock's Evy Hambro has backed the recent trend of strong dividend growth among gold miners to continue off the back of soaring gold prices.
Clive Burstow, a former analyst at Cazenove, has rejoined the group to work on its Global Resources fund.
Ronald Reagan claimed inflation was as "violent as a mugger, as frightening as an armed robber and as deadly as a hitman."