Bloomfield, Mich.-based Flexible Plan Investments has launched The Gold Bullion Strategy Fund (QGLDX), which the firm is touting as the industry’s first gold bullion fund offered to retail investors through a mutual fund product.
The fund will bet on gold bullion exchange-traded funds and derivatives as well as investment-grade corporate notes and bonds. Flexible Plan and Advisors Preferred serve as sub-advisor and advisor to the fund, respectively. George Yang, director of research at Flexible Plan, is the fund's portfolio manager together with Jerry Wagner, president of Flexible Plan.
"Gold bullion has been viewed as a consistent hedge against inflation by many advisors and their clients, but when the asset class finally bore fruit over the past decade, gold mining equity funds did not track the gains well, and only ETF investors could access the robust returns delivered by gold bullion," stated Wagner.
"The launch of The Gold Bullion Strategy Fund enables us to offer our four gold-focused separately managed account strategies to a wider array of investors through a mutual fund vehicle."