visitPortfolio managers of gold mutual funds are trying to bolster returns in a bull market by identifying mining stocks that might outperform others, focusing on factors such as production growth and cash flow.Most tend to be fully invested in mining shares or close to it, rather than bullion, believing this is where there is the greatest potential for further gains.At Monday's high, the Philadelphia...
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ICICI Prudential Discovery ET Rating Gold Q2 (Sep '09) Returns 35.04% AUM Rs 456.19 crore Fund Manager Sankaran Naren This fund aimed to discover and invest in value stocks that had the potential to turn out to be future multi-baggers . After a total failure in the initial few years of its launch, the fund appears to have finally ‘discovered’ its true potential and has been spearheading the performance...
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an unexpected development, India on Monday, Nov 3 bought 200 metric tonnes of gold from the International Monetary Fund (IMF) for 6.8 billion dollars.With this speedy purchase, India surprised the world as China was expected to jump at the deal that threatened to slow gold's rally.The IMF has been planning the sale since a year but it was formally cleared in Sep 2009.The international agency aims to...
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Captain Gurjiwan Singh Sidhu, a retired army officer and an advocate, has become the first Indian to have bagged three gold medals in recently held International Open Master Athletic Championship in the age group of above 75 years.Capt Sidhu won the gold in shot put, javlin throw and discuss throw at the two-day championship held in Malayasia from November 7.Capt Sidhu also won two gold medals at 30th...
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City lad Smit Singhpocketed a gold medal in the junior men’s category of skeet event in the53rd National Shooting Championship, being held under the aegis of NationalRifle Association of India, at Patiala on Tuesday.With acomprehensive 10-point lead over his nearest rival, Zoravar Singh (96 points),the 18-year-old ace marksman shot 106 points to emerge victorious in acompetition where more than 60...
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Olympic gold medal winners Catriona Le May-Doan and Simon Whitfield have led off the longest domestic Olympic torch relay in history which will end in Vancouver before the 2010 Vancouver Winter Games.The flame arrived from Greece later than expected in the capital of British Columbia on a Canadian Forces jet Friday, where it was carried off the plane by Vancouver mayor Gregor Robertson before a cheering...
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