4-Star Funds Poised to Pop: Central Fund of Canada
Based on the aggregated intelligence of 180,000-plus investors participating in Motley Fool CAPS, the Fool's free investing community, Central Fund of Canada (NYS: CEF) has earned a respected four-star ranking.
With that in mind, let's take a closer look at Central Fund of Canada and see what CAPS investors are saying about the closed-end fund right now.
Central Fund of Canadafacts
|Market Cap||$5.9 billion|
|Investment Approach||Central Fund's purpose is to hold gold and silver bullion on a secure basis for the convenience of investors in the shares of the Central Fund.|
|1-Year / 3-year / 5-Year Returns||(9.2%) / 20.2% / 19.1%|
|Alternatives||SPDR Gold Shares|
iShares Silver Trust
Sources: Morningstar and Motley Fool CAPS.
On CAPS, 96% of the 746 members who have rated Central Fund of Canada believe the fund will outperform the S&P 500 going forward.
Balanced play between gold and silver. ... [T]his fund has a better reputation for holding the actual bullion, which may become relevant as bullion shortages become more apparent. With Asian gold buying and [Eric Sprott's] upcoming silver purchases I would expect that demand may increase, especially if central banks continue to expand the money supply.
Owning exceptional funds is a surefire way to secure your financial future. Of course, despite a strong four-star rating, Central Fund of Canada may not be your top choice.
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The article 4-Star Funds Poised to Pop: Central Fund of Canada originally appeared on Fool.com.Fool contributor Brian Pacampara owns no position in any of the companies mentioned. Try any of our Foolish newsletter services free for 30 days.We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Fool's disclosure policy always gets a perfect score.