''The Fidelity Select Gold Portfolio is run for those investors looking to get gold asset class in their risk-tolerant Portfolio'', tells Joe Wickwire, Portfolio manager at Fidelity Investment, to Proactive Investors.
''We like to think about it as one-stop shopping where we are able to invest in gold bullion, silver bullion and gold equities and companies that are involved in the gold production process, development and exploration.''
Wickwire adds: ''We're running the fund for long-term orientated investors.''
''The role of the gold asset class in a risk-tolerant portfolio is really to provide diversification … but importantly to provide protection against inflation or the inability of financial assets to maintain your store of global purchasing power … it's a financial asset insurance policy''.
With regards to the Brexit vote in the UK and the recent election of Donald Trump as President, Wickwire says: ''At first blush all of the heightened volatility has created an opportunity for me as a long-term orientated investor to take action where the market tends to get chronically short-sighted and maybe react in a shape and form that's advantageous for my shareholders in the longer term, so while geopolitical always gets a lot of press coverage and a lot of discussion … it really takes a backseat to the macro-economic imbalances which are the most important thing'''.