7
December
Gold fund top over 10 years
7 December 2009 The Telegraph
BlackRock Gold & General has returned 732pc as the gold price has increased from just $220 an ounce in 1999 to a new record high of $1,225 an ounce this week.
In 1999 the fund was worth £70m now it is worth more than £2bn. Although performance would have played a part in its growth, BlackRock says new money has played a huge role too – it has regularly been a top seller in the second half of the decade.
