The Fund invests in securities of companies located throughout the world that are engaged in mining or processing gold. A part of the net assets of the Fund can be invested in companies that mine or process other precious metals, gems or colored metals. The Falcon Gold Equity UCITS Fund follows a value approach to investing and the portfolio manager identifies companies that are undervalued based on his judgment of relative value and growth potential. The Fund will be available for public distribution in Luxembourg, Germany and Austria (other markets in planning).
The new fund will be managed by Tocqueville Asset Management – an investment management boutique based in New York – whose core business is the active management of securities that are engaged in mining or processing gold. Tocqueville manages one of the most successful and award winning gold mutual funds in the US (Tocqueville Gold Fund) which has consistently delivered top quartile performance since 1998. Tocqueville Asset Management currently oversees $11bn of client assets and approximately $2.65bn is managed in the gold strategy (effective June 30, 2012). The Falcon Gold Equity UCITS Fund will be managed by John Hathaway who has over 40 years of professional investment experience. John is supported by his co-portfolio manager, Doug Groh, and a dedicated team of 4 analysts focusing on in-depth primary research across the gold sector.
“We are delighted about the launch of Falcon Gold Equity UCITS fund and our new strategic partnership with Tocqueville Asset Management and are confident that world-renowned fund manager John Hathaway and his dedicated team are the right partners to carry our successful Gold strategy forward” says Eduardo Leemann, CEO of Falcon Private Bank.
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