The benefits of investing in gold via a fund have been highlighted by The Share Centre, as gold touched new highs in June.

The stockbroker focussed on the BlackRock Gold & General fund, which is exposed to gold mining, while also investing a maximum of 30 per cent of the fund in mining and other precious metals.

Andy Parsons, advice team manager at The Share Centre says: “Gaining exposure to gold via a fund can mean that your returns are not only reliant on the demand for the asset, but also the management of the mining company and how they manage the raw material.”

Commenting on the fund he said: “Overall, the fund has a low turnover rate compared to many of its peers, and this is borne out in its slightly longer term approach. The approach to investing is based on numerous company visits and a knowledge and perspective of how the team view the key drivers to the gold and precious metals markets.”

The fund has an annual charge of 1.75 per cent, and an initial charge of five per cent. When it comes to performance, the fund has returned 208.56 per cent over the past five years on a cumulative basis to 9 July 2010.

Click to learn more about the BlackRock Gold & General fund »

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