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Published on 5 Jan 2017
Ian
Williams, who runs The Way Charteris Gold Fund, the Top UK mutual Fund
for the calendar year 2016 across all sectors, tells Proactive Investors
the fund's outperformance is largely due to the fact is made up of
70-80% silver miners rather than gold miners.
He is optimistic for the sector in 2017. "We would agree now with the consensus that the cycle is turning. If that is the case, all the equities that are asset-backed like mining stocks or property shares - anything that benefits from inflation - is going to continue to outperform. So we think you are going to have an even better year for gold and silver, but this year you'll be joined by the base metals mining companies like BHP Billiton (LON:BLT) and Rio Tinto (LON:RIO)," he argues.
He is optimistic for the sector in 2017. "We would agree now with the consensus that the cycle is turning. If that is the case, all the equities that are asset-backed like mining stocks or property shares - anything that benefits from inflation - is going to continue to outperform. So we think you are going to have an even better year for gold and silver, but this year you'll be joined by the base metals mining companies like BHP Billiton (LON:BLT) and Rio Tinto (LON:RIO)," he argues.
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