Launched in June 2011 the Fund aims to achieve long-term capital growth by investing primarily in the shares of gold mining companies, precious metal-related companies and resources-based companies quoted on recognised and eligible markets.

The fund

  • Targets long-term capital growth

  • ​Is managed in Toronto, Canada, by lead manager Steve Bonnyman, who has over 20 years of investment experience covering the global materials industry

  • Invests across the market cap spectrum

  • Invests selectively in mid and smaller-cap miners which are frequently takeover targets for the larger names

Fund literature

Meet the Sanlam Global Gold and Resources team

Stephen Bonnyman
Stephen Bonnyman
Fund Manager
View profile

Why invest in the fund?

  • A currency hedge. Can be an effective hedge against currency movements

  • ​A portfolio diversifier. Low correlation to equities and has historically done well in periods of systemic crisis

  • A wealth preservation tool. Performs well in a low to negative real interest rate environment and used as an inflation hedge

  • Investable asset class with favourable supply/demand characteristics

  • Attractively valued

We invest in shares of gold mining companies, precious metal related companies and resources based companies. We also invest in gold bullion shares, other transferable securities, money market instruments, deposits, collective investment schemes and warrants.

We seek both income and capital growth using a top-down and bottom-up investment approach with extensive due diligence.

Environmental, Social and Governance

Active and ongoing engagement with companies rather than outright exclusion. We believe that over the long term, integration of robust ESG policies make good business sense.

  • We have always been mindful of issues which may impact the sustainability of returns over the medium to long term
  • ESG issues are considered when they may have a material impact on investment risk or return

We partner with MSCI, a global ESG and corporate governance provider, and ESG is fully integrated as follows:
 
  • All teams have access to the detailed ESG reports so include this risk analysis as part of their due diligence
  • Comparable company scores allow for best-in-class analysis at the sub-industry, sector and regional level
  • Quarterly investment committee meetings review ESG reports on each fund, looking at the overall score and challenging on the riskier or more controversial holdings.

 

With a low to negative correlation to global equities, gold and gold equities can be an effective portfolio diversification tool

Stephen Bonnyman, Fund Manager
Explore the details
Aiming to achieve long-term growth of capital primarily in the shares of gold mining companies, precious metal related companies and resources-based companies

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Fund Risks

Past performance is not a guide to future performance. Do remember that the value of an investment and the income generated from them can fall as well as rise and is not guaranteed, therefore, you may not get back the amount originally invested and potentially risk total loss of capital. A table with five years’ performance is available in the fund factsheets.

The Fund may invest in shares of companies listed on stock exchanges in the United Kingdom, and outside the United Kingdom, exchange rate fluctuations may cause the value of investments to go down as well as up.  Investing in companies based in emerging markets may involve additional risks due to greater political, economic, regulatory risks, among other factors. The Fund may invest in derivatives for the purposes of efficient portfolio management and hedging.

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The value of investments and any income from them can fall and you may get back less than you invested.