Register free for our breaking news email alerts with analysis and cutting edge commentary from our award winning team. Registration only takes a minute.

Smith & Williamson Global Gold & Resources A Inc

Ranked 12 out of 21 in - Gold & Precious Metals over 12 months
All calculations are in GBP unless stated

Managed by

Ani Markova

Ani Markova is based in Toronto and is a member of the Toronto CFA society. Since 2003 she has worked for AGF Investments Inc where she is a vice president and portfolio manager. Ani manages the Smith & Williamson Global Gold & Resources Fund and uses a top down and bottom up investment style. She gained an MBA in International Business and Finance from George Washington University in Washington DC. Ani was born in Sofia, Bulgaria and outside of fund management she enjoys golf, tennis, skiing and photography.


The Fund aims to provide capital growth over the long term by investing primarily in the shares of gold mining companies and companies within the precious metals and resources industry. The Fund may also make other investments, including shares (gold bullion and other companies), bonds issued by governments and other organisations, cash, deposits and money market instruments, warrants, other investment funds. The Fund may use derivatives for Efficient Portfolio Management (EPM), i.e. to protect against market or currency movements, to reduce costs, or to earn income or capital.

Showing fund performance in United Kingdom View performance globally


Gold & Precious Metals over : 30/04/2018 - 30/04/2019

Total Return

Quarterly Performance

to 31/03/2019 Annual Q1 Q2 Q3 Q4
2019 5.6%
2018 -14.5% -13.1% 4.9% -12.6% 7.3%
2017 -12.5% 0.5% -7.8% -4.2% -1.6%
2016 89.0% 40.4% 48.8% 7.6% -15.9%
2015 -17.8% 0.1% -3.7% -17.8% 3.9%
2014 -2.0% 15.0% 8.5% -10.8% -12.0%
2013 -45.4% -8.7% -36.7% 11.8% -15.4%
2012 -13.5% -1.4% -16.9% 22.4% -13.8%
2011 -27.0% -3.2% -10.2% -12.3% -4.3%
2010 65.8% 7.2% 8.7% 16.1% 22.5%
2009 73.8% 22.8% 0.2% 23.3% 14.6%
2008 -29.0% 1.3% -3.0% -28.3% 0.8%
2007 24.6% 6.8% 5.7% 8.5% 1.8%
2006 33.8% 27.5% -2.6% -0.1% 7.9%
2005 33.6% -6.2% 0.3% 22.3% 16.0%

Month by Month Performance

Returns Vs Risk

Asset Allocation



Top 10 Holdings

Stock Size
ETFS Gold Bullion Securities 5.30%
Newmont Mining Corp ORD 5.16%
Agnico Eagle Mines Ltd ORD 5.10%
Barrick Gold Corp ORD 4.71%
Kirkland Lake Gold Ltd ORD 4.30%
Wheaton Precious Metals Corp ORD 4.27%
Silvercrest Metals Inc ORD 4.01%
Endeavour Mining Corp ORD 3.44%
SSR Mining Inc ORD 3.26%
Semafo Inc ORD 3.23%

Registered For Sale In

  1. United Kingdom

Fund Info

  • Launch date03/12/2004
  • Share Class size44Mn
  • Base currencyGBP
  • ISIN GB00B04PXP62

Purchase Info

  • Min. initial investment1,000
  • Min. regular additional investment0


  • Annual management1.75%
  • Initial investment5.00%

Related News

S&W’s Markova: gold bullion set to soar on ‘enormous’ QE

Smith & Williamson’s Ani Markova believes the US Federal Reserve’s ‘enormous’ amount of quantitative easing will boost gold in 2013.

Gold funds up, China funds down as world awaits ECB

MARKET BLOG: New figures show gold funds have surged in the past month, while China funds have slumped.

A spotlight on Newscape Capital's private client performance

Shorting the euro and backing India are key calls for Newscape Captial's Richard Bonnor-Moris.

Citywire Selection watchlist: S&W Global Gold and Resources

Smith & Williamson Global Gold and Resources fund co-manager Ani Markova has taken the fund's gold bullion exposure to its maximum weighting of 10% and has been moving into more defensive large cap names after a tough 2011.

The one commodity that could defy the downturn

Lurking in the shadows of ubiquitous precious and resource commodities is mineral sands, which miners have been reaping rewards from and fund managers believe will beat the slowdown.

The big gold opportunity as Bank fires QE gun again

Smith & Williamson's Ana Markova believes gold could hit $2,500 and the BoE's decision to pump an additional £50 billion into the UK adds further weight to her argument and potentially creates a big opportunity in gold shares.

Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in the currency and currencies indicated).