Victor Smorgon Partners
Resources Gold Fund
Invest in a Fund with a proven track record and unique industry insights through a portfolio of global gold miners, and other related precious metal products.
Victor Smorgon Partners Resources Gold Fund aims to deliver investors superior returns by offering access to a concentrated long/short portfolio of global gold and precious metal equities, royalties and streaming, physical gold and precious metal exchange traded funds.
Victor Smorgon Partners Resources Gold Fund will invest in and otherwise gain exposure to gold and other precious metals through a combination of:
Australian and/or global gold and precious metal equities, royalties and streaming assets (primarily in Tier 1 Jurisdictions)
physical gold and other physical precious metals
interests in Australian and/or global precious metal exchange traded funds
making other direct and indirect investments in gold and precious metals.
Investing in the Fund gives wholesale investors the ability to invest alongside the Victor Smorgon Group, with the following benefits:
A single commodity (gold) portfolio of investments that historically is negatively correlated to the general market.
Fundamental research-based process, focused on domestic and global companies with good management that offer value and above-average growth potential
A more balanced exposure to the full mine life cycle of global gold explorers, developers and producers versus market weighted Gold Index’s that have an extreme concentration risk towards large producers.
A portfolio of investments with their assets located primarily in Tier 1 Jurisdictions. This minimises the jurisdictional risk of the portfolio. This is particularly important during times of heightened geo-political risk.
A maximum concentration risk for any single stock position of 20% of the portfolio at cost.
Victor Smorgon Group believes that many of the global dynamics evident over the last few years will remain supportive of higher gold pricing. In our view, increased market volatility, ongoing geopolitical uncertainty, high global debt levels, low to negative interest rates, and modest global economic growth, are all supportive of higher gold pricing. In addition, historically, gold is negatively correlated to equities during times of market stress as it is viewed as a ‘safe haven’ asset.
Empirical evidence shows that a gold allocation of 5-10% in a typical investment portfolio has provided a better risk-adjusted return and lower volatility over the past 20 years than a portfolio with no exposure.
Victor Smorgon Group has unique insights, access, and knowledge in the gold sector from being an owner and operator of Stawell Gold Mines (VIC) and owning/storing gold bullion at the Perth Mint (WA).
Hear more from Peter Edwards about how the Victor Smorgon Group began its journey in the gold mining sector and how we leverage our knowledge and experience through our current gold investments.
Unitholders should be aware that there is no guarantee that the implementation of the investment strategy or process will not result in losses to Unitholders.
The return of capital and the performance of the Fund are not guaranteed by any person or organisation, including Victor Smorgon Partners, Gannet or any related or associated entity or person. Therefore, each investor should carefully consider the risks of investing and, where necessary, seek professional advice as to the suitability of investing in the Fund. Please refer to the Information Memorandum for further details.
The offer of interests in the Victor Smorgon Partners Resources Gold Fund "Fund" is prepared and issued by Gannet Capital Pty Ltd (ACN 139264690 AFSL 000340799) in its capacity as the Trustee of the Fund. The investment manager is Victor Smorgon Partners Pty Ltd (ACN 630 512 739), an authorised representative of AFSL 000340799.