The fund is the fifth fund offered by Euro Pacific Asset Management and is designed to mitigate exposure to inflation and dollar devaluation. Other funds focus on such sectors as foreign bonds, small cap Asian equities, international value stocks, and Chinese equities.
Euro Pacific said the new fund will attempt to provide capital appreciation and hedge against inflation over a long-term investment horizon by selectively investing in hard asset securities as well as those currencies that the team believes have the potential for appreciation against the US Dollar.
The fund will be managed by Peter Schiff, investment committee chairperson, and Jim Nelson, portfolio manager, the same team that overseas two of Euro Pacific Asset Management’s other fund offerings, the EuroPac International Value Fund and EuroPac International Bond Fund.
The new mutual fund will use a top-down approach to deploy funds to those asset classes that the managers believe have the best potential to hedge against inflation and the likelihood for appreciation in a declining dollar environment.
Asset classes include gold and silver, precious metal mining companies, and companies involved in energy, agriculture and the production of industrial metals. The fund may also hold cash denominated in foreign currencies.
