Latest news with #PreciousMetal
Wall Street Journal
4 days ago
- Business
- Wall Street Journal
Gold Tariffs: Why Are They a Problem? How Could the Market React?
Gold Tariffs: Why Are They a Problem? How Could the Market React? The U.S. has unexpectedly slapped tariffs on imports of some gold bars, according to the Financial Times, roiling the market for the precious metal. Why is this disruptive?
Yahoo
7 days ago
- Business
- Yahoo
Is Fidelity Advisor Gold A (FGDAX) a Strong Mutual Fund Pick Right Now?
Having trouble finding a Sector - Precious Metal fund? Fidelity Advisor Gold A (FGDAX) is a potential starting point. FGDAX bears a Zacks Mutual Fund Rank of 1 (Strong Buy), which is based on various forecasting factors like size, cost, and past performance. Objective FGDAX is classified in the Sector - Precious Metal segment by Zacks, an area full of potential. Sector - Precious Metal mutual funds normally invest in stocks focused on the mining and production of precious metals such as gold, silver, platinum, and palladium. Often times, stocks here trade as leveraged bets of the underlying commodity, so they are tied to the prices of the metal, and can be quite volatile, too. History of Fund/Manager Fidelity is responsible for FGDAX, and the company is based out of Boston, MA. Fidelity Advisor Gold A made its debut in December of 2006, and since then, FGDAX has accumulated about $153.70 million in assets, per the most up-to-date date available. The fund's current manager, Ryan Oldham, has been in charge of the fund since November of 2024. Performance Obviously, what investors are looking for in these funds is strong performance relative to their peers. This fund has delivered a 5-year annualized total return of 6.53%, and it sits in the bottom third among its category peers. But if you are looking for a shorter time frame, it is also worth looking at its 3-year annualized total return of 22.86%, which places it in the bottom third during this time-frame. It is important to note that the product's returns may not reflect all its expenses. Any fees not reflected would lower the returns. Total returns do not reflect the fund's [%] sale charge. If sales charges were included, total returns would have been lower. When looking at a fund's performance, it is also important to note the standard deviation of the returns. The lower the standard deviation, the less volatility the fund experiences. Compared to the category average of 16.62%, the standard deviation of FGDAX over the past three years is 28.47%. Looking at the past 5 years, the fund's standard deviation is 29.57% compared to the category average of 16.17%. This makes the fund more volatile than its peers over the past half-decade. Risk Factors Investors should not forget about beta, an important way to measure a mutual fund's risk compared to the market as a whole. FGDAX has a 5-year beta of 0.53, which means it is likely to be less volatile than the market average. Another factor to consider is alpha, as it reflects a portfolio's performance on a risk-adjusted basis relative to a benchmark-in this case, the S&P 500. FGDAX has generated a positive alpha over the past five years of 0.36, demonstrating that managers in this portfolio are skilled in picking securities that generate better-than-benchmark returns. Expenses For investors, taking a closer look at cost-related metrics is key, since costs are increasingly important for mutual fund investing. Competition is heating up in this space, and a lower cost product will likely outperform its otherwise identical counterpart, all things being equal. In terms of fees, FGDAX is a load fund. It has an expense ratio of 0.97% compared to the category average of 1.04%. So, FGDAX is actually cheaper than its peers from a cost perspective. This fund requires a minimum initial investment of $0, while there is no minimum for each subsequent investment. Fees charged by investment advisors have not been taken into consideration. Returns would be less if those were included. Bottom Line Overall, even with its comparatively weak performance, worse downside risk, and lower fees, Fidelity Advisor Gold A ( FGDAX ) has a high Zacks Mutual Fund rank, and therefore looks a great potential choice for investors right now. Don't stop here for your research on Sector - Precious Metal funds. We also have plenty more on our site in order to help you find the best possible fund for your portfolio. Make sure to check out for more information about the world of funds, and feel free to compare FGDAX to its peers as well for additional information. If you are more of a stock investor, make sure to also check out our Zacks Rank, and our full suite of tools we have available for novice and professional investors alike. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Get Your Free (FGDAX): Fund Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
04-08-2025
- Business
- Bloomberg
Gold Holds Gains After Softer US Job Data, Tariff Roll-Outs
Gold was steady after gaining the most in two months on Friday, as traders weighed the implications of soft jobs data for the US economy and the Federal Reserve's interest-rate path. Bullion traded near $3,360 an ounce, after rising 2.2% in the previous session while equities dipped. The precious metal's jump was driven by two main factors: a dramatic slowdown in US hiring report that fueled rate-cut bets, and President Donald Trump's roll-out of some of the steepest trade tariffs since the 1930s.
NDTV
24-04-2025
- Automotive
- NDTV
Sidharth Malhotra Gifts Kiara Advani Toyota Vellfire Worth Over Rs 1.22 Crore
Celebrities and luxury cars have an age-old relationship. Generally used as a simple mode of transportation, these vehicles often become a means of expressing affection. In this case, the Toyota Vellfire is Sidharth Malhotra's means of showing love for his wife, Kiara Advani. Reports suggest the actor has gifted his pregnant wife, Kiara, the luxury MPV worth over Rs 1.22 crore (ex-showroom). It is to be noted that Vellfire is amongst the most expensive models of the brand in the Indian market. Toyota Vellfire is one of the popular choices among celebrities and finds a home in the garages of actors like Ajay Devgn, Anil Kapoor, Aishwarya Rai, Akshay Kumar, Aamir Khan, Fahadh Faasil, and Mohanlal. Apart from them, Kriti Sanon is one of the newcomers in the owners club of the luxury MPV. Also Read: Based on the videos shared on social media, the celebrity couple has brought home the Precious Metal colour of the luxury MPV. Apart from this, the vehicle is also available in Black and Platinum White Pearl colours. These colours complement the upright stance and boxy design of the vehicle. These are also very well in sync with the sharp front fascia, which consists of angular design for the headlamps and a big chrome grille. Sidharth Malhotra and Kiara Advani's Toyota Vellfire boasts a 14-inch touchscreen infotainment system, a 14-inch rear entertainment screen, and a 15-speaker JBL sound system, among others. The Toyota MPV offers exceptional comfort with amenities such as a one-touch power sliding rear door, a massage function for the second-row seats, a detachable control device, a multi-function foldable rotary tray complete with a vanity mirror, an 8-way power-adjustable driver's seat with memory settings, an independently operable dual sunroof, ambient lighting with 14 color choices, and more. The Toyota Vellfire prioritizes passenger safety through ADAS features that include six airbags, pre-collision safety measures, adaptive cruise control, adaptive high beam LED headlights, lane tracing assist, blind spot monitoring, a panoramic view monitor, vehicle stability control, stop-hold functionality, and ABS with EBD. Powered by a 2.5-litre, 4-cylinder petrol engine, the Toyota Vellfire is equipped with a robust hybrid system. This engine produces approximately 193 hp and 240 Nm of peak torque, and it is paired with an e-CVT transmission.
