Jupiter’s Clunie takes #gold to highest ever exposure

Absolute return specialist champions robust impact of precious metal on his strategy

...the largest exposure is to the WisdomTree Physical Gold ETC, which makes up 9.6% at the end of April. This is both for the £400m Jupiter Absolute Return fund and for the €24m Jupiter Global Absolute Return fund, the Ucits-compliant version.

This is while two mining stocks are also present, which includes Newcrest Mining being among the top 10 holdings and accounting for 2.7% in the UK fund and 2.6% in the Ucits fund.

The third holding is a position in Barrick Gold. The size of the stake was not disclosed but it is understood overall exposure to gold across the three holdings amounts to around 15%.

Read the whole story here: Jupiter’s Clunie takes gold to highest ever exposure