There is more to gold than just a precious metal used to make jewellery. Gold is also an investment avenue that investors can consider while planning their investment portfolio because it can help reduce volatility and act as a hedge when financial markets are in turmoil. However, only some people are comfortable with owning physical gold because it has its share of disadvantages, with storage costs. This is where gold mutual funds come in. Gold funds are an effective way to invest in gold through mutual funds without the hassle of owning physical gold. Essentially, gold funds invest in gold exchange-traded funds (ETFs) on behalf of the investor and come with many advantages.
To get a flavour of what makes gold funds attractive, read on.
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