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Gold Fund Holdings Update – October 2022 and Attribution Analysis

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Toronto, Ontario–(Newsfile Corp. – October 26, 2022) – This report details the most recent portfolio holdings for Precious Metal Managed Funds and summarizes changes in portfolio holdings.

A Copy of the Full Report is Available at the Link Below:
https://mailchi.mp/mineralfunds/portfolio-holdings-update-october-2022

Gold & Precious Metal Funds included in this report:

Domicile             Fund Name   Fund Fees Holdings Report
            Funds Reporting Monthly  
             
USA             Fidelity Select Gold    Summary Aug, 2022
USA             Franklin Gold & Precious Metals Fund (USA)    Summary Sep, 2022
Luxembourg             Franklin Gold & Precious Metals Fund (Lux)    Summary Sep, 2022
USA             VanEck International Investors Gold Fund    Summary Sep, 2022
USA             VanEck VIP Global Gold Fund    Summary Sep, 2022
             
            Funds Reporting Quarterly   
             
USA             Invesco Gold and Special Minerals Fund (USA)    Summary Jul, 2022
USA             GAMCO Glbl. Gold, Nat. Resources & Income Trust    Summary Jun, 2022
USA             Gabelli Gold Fund    Summary Jun, 2022
USA             GAMCO Natural Resources, Gold & Income Trust    Summary Jun, 2022
             
            Funds Reporting Annually / Semi Annually   
             
Canada             Dynamic Precious Metals Fund    Summary Jun, 2022
Canada             Dynamic Strategic Gold Class    Summary Jun, 2022
Luxembourg             Deutsche Invest I Gold & Precious Metals Equities    Summary Jun, 2022
Luxembourg             Sprott-Alpina Gold Equity UCITS Fund    Summary Jun, 2022
UK             Quilter Investors Precious Metals Equity Fund    Summary Jun, 2022
UK             SVS Sanlam Global Gold & Resources Fund    Summary May, 2022
Liechtenstein             SafePort Gold & Silver Mining Fund    Summary Jun, 2022
Liechtenstein             AIPM Junior Mining & Exploration UCITS Fund    Summary Jun, 2022
Liechtenstein             Incrementum Crypto Gold Fund    Summary Jun, 2022
Liechtenstein             Precious Metals Champions Fund    Summary Jun, 2022
Singapore             UOB United Gold and General Fund    Summary Jun, 2022

 

A portfolio holding ‘attribution analysis‘ is undertaken on the portfolios of gold funds that report asset allocations monthly, and on any fund with assets in excess of $1 Billion USD reporting during the period.

The analysis includes a list of companies which are new to a portfolio in the period ‘New Company Holdings’, and companies which have been eliminated from a portfolio during the period ‘Companies Divested’. ‘Increasing Shareholding’ and ‘Decreasing Shareholding’ fields identify companies to which a fund is either increasing or, alternatively, decreasing exposure.

FUNDS REPORTING MONTHLY

Fidelity Select Gold Portfolio

31.Aug.2022 $1,186 M USD
   
New Company Holdings Companies Divested
Osisko Development Corp. Gold Standard Ventures Corp.
   
   
   
Largest Position:
Newmont Corp. (NYSE: NEM) 11.3%
   

 

Franklin Gold & Precious Metals Fund (USA)                           Franklin Gold & Precious Metals Fund (Lux)

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30.Sept.2022 $839 M USD 30.Sept.2022 $334 M USD
       
New Company Holdings Companies Divested New Company Holdings Companies Divested
Leo Lithium Ltd. Goulamina Holdings Pty. Ltd. Leo Lithium Ltd. Goulamina Holdings Pty. Ltd.
       
       
       
Largest Position: Largest Position:
Endeavor Mining (TSX: EDV) 5.5% Endeavor Mining (TSX: EDV) 5.7%
       
Increasing Shareholding Decreasing Shareholding Increasing Shareholding Decreasing Shareholding
Marathon Gold Corp. Argonaut Gold Inc. Anglo American Platinum Ltd. Barrick Gold Corp.
Pantoro Ltd. Barrick Gold Corp. Benchmark Metals Inc. Endeavour Mining Plc.
Skeena Resources Ltd. Eastern Platinum Ltd. Centamin Plc. Ivanhoe Mines Ltd.
Endeavour Mining Plc. Impala Platinum Holdings Ltd.
Ivanhoe Mines Ltd. Lion One Metals Ltd.
St. Augustine Gold & Copper Ltd. Marathon Gold Corp.
Newmont Corp.
Pantoro Ltd.
Skeena Resources Ltd.
SSR Mining Inc.

 

VanEck International Investors Gold Fund                                VanEck VIP Global Gold Fund

30.Sept.2022 $611 M USD 30.Sept.2022 $39 M USD
       
New Company Holdings Companies Divested New Company Holdings Companies Divested
None Wallbridge Mining Co. Ltd. None Wallbridge Mining Co. Ltd.
       
       
       
Largest Position: Largest Position:
Franco-Nevada Crp. (TSX: FNV) 9.5% Franco-Nevada Crp. (TSX: FNV) 9.2%
       
Increasing Shareholding Decreasing Shareholding Increasing Shareholding Decreasing Shareholding
Alamos Gold Inc. Franco-Nevada Corporation Alamos Gold Inc. Newmont Corp.
Marathon Gold Corp. Agnico Eagle Mines Limited Marathon Gold Corp. West African Resources Ltd.
Galway Metals, Inc. Endeavour Mining PLC Galway Metals, Inc.
Barrick Gold Corp. Equinox Gold Corp.
Newmont Corp. Bonterra Resources, Inc.
Kinross Gold Corp. Bear Creek Mining Corp.
Wheaton Precious Metals Corp. Nighthawk Gold Corp.
B2Gold Corp. Perpetua Resources Corp.
Yamana Gold Inc.
Northern Star Resources Ltd.
West African Resources Ltd.
SSR Mining Inc.
Royal Gold, Inc.
Osisko Gold Royalties Ltd.
Evolution Mining Ltd.
Gold Fields Ltd.
Eldorado Gold Corp.
Equinox Gold Corp.
Bonterra Resources, Inc.
Bear Creek Mining Corp.
Nighthawk Gold Corp.
Perpetua Resources Corp.

 

FUNDS REPORTING MONTHLY        ATTRIBUTION ANALYSIS

AUM in all monthly reporting gold funds decreased through August and September respectively.

Fidelity Select Gold Portfolio
AUM for Fidelity Gold Fund decreased in August from $1,325 M USD to $1,186 M USD (-10.5%).

The Fund took on a new position in Osisko Development Corporation (TSXV: ODV). Osisko Development is a relatively new company, managed and developed by the Osisko Management Group, which is focusing on 3 principal development projects: The Cariboo Gold Project (high-grade gold in British Columbia, Canada), The Tintic Gold Project (high-grade gold in central Utah, USA) and The San Antonio Gold-Copper Project (gold and copper development in Sonora State, Mexico).

At current share prices, Osisko Development (TSXV: ODV) is trading at a market capitalisation of ~ $375M and at approximately ~25% of the October 2020 RTO (Reverse Takeover) share price. The company consolidated shares outstanding on a 3:1 basis in May of 2022. In October of 2020, the company raised more than $80 M CAD at an RTO (Reverse Takeover) price of approximately $22.50 per share (split-adjusted). During August of 2022, when Fidelity Select Gold Portfolio first initiated a new position, Osisko Development (TSXV: ODV) traded as low as $5.25 per share. This was the lowest share price for (TSXV: ODV) since the company began trading with a new precious metal development mandate in October 2022, and represents a ~75% discount to the company’s RTO price.     

Orla Mining Ltd. (TSX: OLA) completed acquisition of Gold Standard Ventures Corp. on August 12th resulting in the elimination of Gold Standard from the portfolio, and the continuation of a new position in Orla Mining Ltd. (TSX: OLA).

Franklin Gold & Precious Metals Fund (USA)
AUM for Franklin Gold and Precious Metals Fund (USA) decreased in September from $903 M USD to $839 M USD (-7.1%).

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The Fund took up a new position in Australian listed Leo Lithium Ltd. (ASX: LLL) by conversion of Goulamina Holdings Pty. Ltd. Leo Lithium Ltd. (ASX: LLL) is developing the world class Goulamina Lithium Project in Mali, West Africa. This will be West Africa’s first spodumene producer and will come online in 2024 to supply the booming lithium-ion battery industry.

During the month of September, the Fund increased holdings in: Newfoundland developer Marathon Gold Corp. (TSX: MOZ) (pursuant to a financing), Australian listed gold developer Pantoro Ltd. (ASX: PNR) and BC developer Skeena Resources Ltd. (TSX: SKE) while reducing positioning in 6 out of 118 company holdings.

Franklin Gold & Precious Metals Fund (Lux) increased exposure to 10 of 122 companies held in the portfolio during September of 2022.

VanEck International Investors Gold Fund
AUM for VanEck International Investors Gold Fund remained unchanged in September at $687 M USD (0% change).

The Fund divested from Wallbridge Mining Company Ltd. (TSX: WM). On September 12th Wallbridge had announced the commissioning of an update to the 2021 mineral resource estimate for its flagship Fenelon Gold and Martiniere Project.

Pursuant to a private placement financing, the Fund increased its positioning in Marathon Gold Corp. (TSX: MOZ). As a result of open market purchases, the Fund increased its positioning in Alamos Gold Inc. (TSX: AGI) and Galway Metals Inc. (TSXV: GWM). The Fund reduced positioning in 21 of 51 holdings.

VanEck VIP Global Gold Fund
AUM for VanEck VIP Global Gold Fund remained unchanged in September at $39 M USD (0% change).

The Fund did not add any new positions but divested from Wallbridge Mining Company Ltd. (TSX: WM). The Fund participated in the financing for Marathon Gold Corp. (TSX: MOZ) and increased positioning in Alamos Gold Inc. (TSX: AGI).

FUND > $1 Billion USD

A portfolio holding ‘attribution analysis‘ is undertaken on the portfolios of gold funds that report asset allocations monthly, and on any fund with assets in excess of $1 Billion USD reporting during the period.

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Invesco Gold and Special Minerals Fund (USA)                          Fund Reports Quarterly

Fund Comparison:        July 31st 2022 / April 30th 2022

31.Jul.2022 $1,771 M USD
   
New Company Holdings Companies Divested
Capricorn Metals Ltd. Lake Resources NL
Yamana Gold, Inc.
Americas Gold & Silver Corp.
Ascot Resources Ltd.
Barrick Gold Corp.
Canada Nickel Co., Inc.
Foran Mining Corp.
Prime Mining Corp.
Wallbridge Mining Co. Ltd.
Zhaojin Mining Industry Co. Ltd.
Argonaut Gold, Inc.
MP Materials Corp.
   
   
Largest Position:
Newmont Corp. (NYSE: NEM) 12.0%
   
Increasing Shareholding Decreasing Shareholding
Aeris Resources Ltd. Allkem Ltd.
Centaurus Metals Ltd. Evolution Mining Ltd.
Chalice Mining Ltd. Firefinch Ltd.
De Grey Mining Ltd. Gold Road Resources Ltd.
Predictive Discovery Ltd. Lynas Rare Earths Ltd.
Red 5 Ltd. Newcrest Mining Ltd.
Rumble Resources Ltd. Northern Star Resources Ltd.
Liberty Gold Corp. OceanaGold Corp.
Marathon Gold Corp. Pantoro Ltd.
Osino Resources Corp. Perseus Mining Ltd.
Pure Gold Mining, Inc. Pilbara Minerals Ltd.
Rupert Resources Ltd. Silver Lake Resources Ltd.
Sierra Metals, Inc. Tietto Minerals Ltd.
Skeena Resources Ltd. Wheaton Precious Metals Corp.
Solaris Resources, Inc. Agnico Eagle Mines Ltd.
Tudor Gold Corp. Alamos Gold, Inc.
Meridian Mining UK Societas Arizona Metals Corp.
Coeur Mining, Inc. Artemis Gold, Inc.
Calibre Mining Corp.
Centerra Gold, Inc.
Filo Mining Corp.
Franco-Nevada Corp.
Hudbay Minerals, Inc.
i-80 Gold Corp.
Ivanhoe Mines Ltd.
Karora Resources, Inc.
Kinross Gold Corp.
Lithium Americas Corp.
MAG Silver Corp.
Minera Alamos, Inc.
New Gold, Inc.
Orla Mining Ltd.
Osisko Gold Royalties Ltd.
SilverCrest Metals, Inc.
Triple Flag Precious Metals Corp.
Victoria Gold Corp.
Ganfeng Lithium Co. Ltd.
Zijin Mining Group Co. Ltd.
GCM Mining Corp.
Nickel Mines Ltd.
Gold Fields Ltd.
Sibanye Stillwater Ltd.
Eldorado Gold Corp.
Century Aluminum Co.
Freeport-McMoRan, Inc.
Gatos Silver, Inc.
Newmont Corp.
Piedmont Lithium, Inc.
Royal Gold, Inc.
Tronox Holdings PLC
First Quantum Minerals Ltd.

 

Invesco Gold and Special Minerals Fund (USA)
AUM for Invesco Gold & Special Minerals Fund (USA) decreased over the quarter from: $2,377 M USD on 30th April 2022 to $1,771 M USD on 31st July 2022 (-25.5%).

The Fund’s largest holding remains Newmont Corp. (NYSE: NEM) at 12.0%.

The Fund acquired 12 new company names in a portfolio holding a total of 114 companies. New company names included juniors: Canada Nickel Corp. (TSXV: CNC) which is advancing the large-scale Crawford Nickel-Cobalt Sulphide Discovery in the Timmins Mining Camp, and Americas Gold and Silver Corporation (TSX: USA) which is operating three producing precious metals mines including the Relief Canyon Mine in Nevada.

The Fund decreased positioning in 51 of 114 holdings as market contraction and redemptions pressured the portfolio.

A complete list of Precious Metal Managed Funds and their respective portfolio holdings can be found at: https://mineralfunds.com/gold-funds/

Reported by: Khadijah Samnani, Analyst Supported By: Christopher Berlet BSc, CFA

For further information please contact:
(416) 525 – 6869
[email protected]

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/142019

Fintech

Plug and Play and GIFT City Launch “IFIH,” a Global Fintech Incubator and Accelerator

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Plug and Play, a global accelerator platform and one of the most active early-stage investors globally, has announced a strategic partnership with Gujarat International Finance Tec-City (GIFT City). Through the partnership, Plug and Play will establish and run the International Fintech Innovation Hub (IFIH), GIFT City’s FinTech Incubator and Accelerator, which aims to foster research and innovation in financial technology, reinforcing GIFT City’s role as a premier global fintech hub.

GIFT City’s MD and Group CEO, Mr. Tapan Ray, said, “Our vision at GIFT City is to drive fintech innovation by creating a climate-resilient, inclusive ecosystem that empowers diverse entrepreneurs and builds workforce competitiveness in emerging technologies. With the support of prominent partners in fintech education and incubation, we are committed to nurturing a new generation of talent that will be well-equipped to meet the needs of an evolving global economy.”

Manav Narang, Head of Financial Services for Plug and Play APAC and Program Lead for the GIFT Incubator and Accelerator added, “We are thrilled to bring Plug and Play’s global expertise to GIFT City. Our vision is to create India’s largest industry-wide fintech program – a collaborative platform where banks, payments corporations, venture capital and corporate venture capital firms, accelerators, and ecosystem partners unite. Together, we aim to catalyze transformative fintech solutions and nurture fintech unicorns that will shape the future of finance in India.”

The program will support fintech startups with resources, mentorship, capital, and networking to navigate and excel globally in the dynamic fintech landscape. The first batch of startups will be unveiled in January 2025.

The post Plug and Play and GIFT City Launch “IFIH,” a Global Fintech Incubator and Accelerator appeared first on .

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Doo Financial Now in Indonesia: Offering Local Investors A Gateway to Global Markets

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Doo Group’s brokerage brand, Doo Financial is thrilled to announce its expansion into Indonesia by acquiring a reputable Indonesian broker to expand the business. This move brings its global investment services to local investors. Backed by the strength of Doo Group’s extensive international presence, cutting-edge technology, and 10 years of expertise, Doo Financial is well positioned to support investors at every level.

As a brand encompassing investment services offered by various legal entities within the Doo Group, Doo Financial provides a comprehensive range of global brokerage services. This wide range of products empowers investors to pursue their financial goals.

With a diversified portfolio, Doo Financial empowers investors to navigate various market conditions effectively, manage risks, and focus on long-term growth. This entry into the Indonesian market reflects Doo Financial’s commitment to supporting investors with flexible, high-quality investment options tailored to today’s dynamic financial landscape.

Supervision by International Regulatory Institutions to Ensure Top-Tier Safety

As a global leading finance group, Doo Group has licensed entities regulated by top regulatory authorities worldwide, ensuring a secure and reliable trading environment.

Our global credentials include licenses from the U.S. Securities and Exchange Commission (US SEC), the Financial Industry Regulatory Authority (US FINRA) in the U.S., the Financial Conduct Authority (UK FCA) in the UK, the Australian Securities and Investments Commission (ASIC), the Hong Kong Securities and Futures Commission (HK SFC), Badan Pengawas Perdagangan Berjangka Komoditi (BAPPEBTI) in Indonesia. These licenses enable us to provide secure and reliable financial services globally.

Dedication to Shape the Industry with Innovative Solutions

Doo Financial’s expansion into Indonesia brings advanced technology and a global perspective to empower local investors. As an international investment firm committed to secure and seamless trading, Doo Financial offers a diverse range of products and services to help diversify portfolios and open up new opportunities.

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This growth elevates opportunities for Indonesian investors by offering seamless access to global markets and advanced trading platforms within a secure and regulated environment. It broadens investment choices and enhances the trading experience, aligning it with international standards and empowering local investors with comprehensive tools and resources for success.

Driven by unwavering commitment, this growth marks a significant milestone in Indonesia’s investment landscape, equipping our clients with the tools to navigate global markets. We remain dedicated to delivering exceptional service, exploring new opportunities, and driving future breakthroughs. With continued support from the FinTech community, we are excited to innovate and shape the future of finance.

Stay updated with the latest insights from Doo Financial. Join our community of empowered investors and let us be your trusted partner!

E-mail: [email protected]

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Fintech Pulse: Evolving Fintech Investments and Partnerships Signal Industry Transformation

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Fintech is on an accelerated trajectory of investment, collaboration, and innovation. This pulse tracks the most significant developments in the sector, from high-profile investments to global platform expansions. Each update in this briefing serves as a key indicator of where the industry is headed.


1. European Fintechs Face Regulatory Pressures Amid New Investment Surge

The European fintech sector finds itself at a crossroads with increasing scrutiny and rising costs due to stringent regulations. While investments continue to flow into the continent’s financial technology companies, challenges in meeting new compliance requirements, especially around data privacy and cybersecurity, create a complex landscape for scaling. This tension between opportunity and operational limitations might affect European fintechs’ growth strategies.

Source: Financial Times


2. Shopify, Slack Founders Join Peter Thiel in Fintech Investment Push

Tobi Lütke of Shopify and Stewart Butterfield of Slack, along with investor Peter Thiel, have co-invested in a new fintech initiative that aims to bolster small business access to capital. By merging technology with a streamlined funding model, this new initiative targets underserved SMBs, highlighting a broader trend of high-profile tech leaders pivoting to fintech investment. The participation of Lütke and Butterfield signals increased cross-sector collaboration in fintech, bringing expertise from e-commerce and communication technology into the financial arena.

Source: Yahoo Finance


3. Lean Technologies Raises $67.5 Million to Drive Fintech Innovation in the Middle East

Riyadh-based fintech platform Lean Technologies recently secured a $67.5 million Series B investment round, aiming to expand its operations across the Middle East. This funding reflects growing investor interest in emerging markets and the potential of Middle Eastern fintech to bridge regional gaps in financial services access. As Lean Technologies broadens its service offerings, the funding will support further technological integration and scalability across financial ecosystems in the region.

Source: Fintech Global


4. Apollo Global Management Invests in Fintech for Private Offerings Support

Apollo Global Management has taken steps to enhance its services for private offerings by investing in specialized fintech solutions. This development signifies a growing trend among private equity firms to adopt fintech as a core component in their service expansion, particularly for personalized client services. Apollo’s strategy of integrating fintech solutions into private offerings marks a strategic shift toward digitalization within traditional financial sectors.

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Source: Bloomberg


5. Juniper Research Names 2025’s Future Leaders in Fintech

Juniper Research has revealed its picks for the top future leaders in fintech for 2025. This list emphasizes innovation in fields such as AI, open banking, and decentralized finance, highlighting startups that exhibit potential for reshaping industry standards. As these up-and-coming firms push the boundaries of traditional finance, they exemplify the rising tide of next-generation financial technology poised to become industry mainstays.

Source: Globe Newswire


Conclusion

The convergence of seasoned tech giants with fintech, new funding rounds for region-specific platforms, and the rise of future industry leaders underscore the momentum of the fintech sector. Each of these stories reflects a broader narrative: fintech is not only diversifying in services but also rapidly integrating into traditional finance and tech, paving the way for a transformative era.

 

The post Fintech Pulse: Evolving Fintech Investments and Partnerships Signal Industry Transformation appeared first on HIPTHER Alerts.

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