- ASA Gold (NYSE:ASA) is a closed-end precious metals fund managed by Merk Investments LLC.
- Selling at a discount of -13% to NAV, I feel that it is a good name to add exposure to smaller precious metal miners.
- Fundamentally positive view on the gold price over the next near term
- Gold’s an imperfect inflation hedge, but still attractive.
About the Fund
ASA Gold & Precious Metals Limited (NYSE:ASA) is a closed-end precious metals and mining fund. ASA seeks long-term capital appreciation through investments in gold, silver, platinum, and diamond exploration/development projects or the mining of precious metals and minerals. In addition, they can own securities like ETFs that replicate the price movement of gold, silver and platinum bullion.
Axel Merk of Merk Investments LLC took over ASA investment duties in April 2019. Since then, there has been a major shift away from large cap miners toward mid-cap and small cap miners.
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