Loading ...They got a hell of a NERVE calling this a Precious Metals Fund
Investing in VGPMX: An Alternative Mutual Fund”non-traditional investments and trading strategies. Alt funds might invest in assets such as global real estate, commodities, “leveraged loans” , startup companies, and unlisted securities that offer exposure beyond traditional …WHAT ! scum BAGS
It wasent called “Alternative” when I owned it ..it was a deceitful LIE until you looked into what was in the Portfolio .LIARS !2006 they shut it down without notice to new money coming in ..they refused ..only allowed sales…I have never been so angry at them Bastards …It took me weeks to get it transferred so I wouldent have any TAX exposure….
VGPMX Is a Mutual Fund with an Alternative Strategy
VGPMX is an alternative mutual fund
The Vanguard Precious Metal and Mining Investment Fund (VGPMX) is an alternative investment fund that invests at least 80% of its assets in foreign and US stocks. Most of the fund’s portfolio consists of companies that are engaged in the exploration, mining, marketing, and distribution of gold, silver, platinum, diamonds, or other precious and rare metals.
As the name implies, alternative (or alt) mutual funds seek to accomplish the fund’s objectives through non-traditional investments and trading strategies. Alt funds might invest in assets such as global real estate, commodities, leveraged loans, startup companies, and unlisted securities that offer exposure beyond traditional stocks, bonds, and cash. VGPMX mainly invests in mining and precious metal companies, but it also has some exposure to the chemical and environmental sectors. Currently, its assets under management are valued at $1.93 billion.
