The precious metal markets
On a euro basis, the gold price moves sideways with a weaker dollar. On April 14th, the gold price reached the target price range between $ 1,700 and $ 1,900 / oz after a long upward movement and has been fairly valued again for many years. Due to the lack of alternative investments, it is advisable to remain fully invested in gold, silver and precious metal stocks even at the beginning of an expected exaggeration phase.
In the monthly evaluation as of June 30, 20, the fund improved by 4.6% to EUR 200.20 and was therefore somewhat weaker than the Xau comparison index (+ 6.3%). Since the beginning of the year, the fund has slightly underperformed the benchmark index (+ 20.6%) with an increase of 17.6%. Since the fund was launched in April 2007, the fund has clearly outperformed the Xau benchmark index (+ 5.2%) with a profit of 100.2%. The fund volume increased with slight outflows from 154.7 to 157.5 million euros.
Now managed by Baker Steel
The advice of the Stabilitas Gold + Resource Fund (A0F6BP) was transferred to Baker Steel on March 1st, 2019. The fund is now managed by Baker Steel under the new name BAKERSTEEL GLOBAL FUNDS SICAV – Electrum Fund A2. The cooperation with the fund company Baker Steel is expected to accelerate the growth of the fund. The investment objective, the investment philosophy and the general portfolio structure remain unchanged. Stabilitas GmbH will remain represented on the investment committee. The fund’s prices will continue to be published on the homepage.