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Updated 23:04 21/02/20

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Gold fund manager to invest in robust miners only

Duncan Richardson, News Editor
14 Jan 2014, 4:35 p.m.

Nine out of the 10 worst performing funds in the UK last year invested in gold equities. Leading the pack according to Morningstar was Junior Gold which lost 66% of their clients’ money closely followed by WAY Charteris Gold which saw a 54% decline. Junior Gold fund manager Angelos Damaskos is changing strategy in 2014 by investing primarily in companies with an all in cost of a $1,000 per ounce.

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