Invesco Gold & Special Minerals A (OPGSX) is garnering attention from investors looking to explore the Sector – Precious Metal fund space. With a Zacks Mutual Fund Rank of 2 (Buy), this fund offers a promising option for those interested in precious metal investments.
Sector – Precious Metal funds typically focus on mining and producing precious metals like gold, silver, platinum, and palladium. These stocks are often tied to the prices of these metals, making them volatile investments.
Managed by Invesco based in Kansas City, MO, OPGSX has been in operation since July 1983, accumulating assets of approximately $804.91 million. The fund’s current manager, Shanquan Li, has been at the helm since July 1997.
When it comes to performance, OPGSX boasts a 5-year annualized total return of 9.96%, placing it in the top third of its category peers. However, the fund’s 3-year annualized total return of -0.82% shows some volatility.
Investors should also consider the fund’s risk factors, such as its 5-year beta of 1.12, indicating higher volatility compared to the market. The fund’s expenses, with an expense ratio of 1.09%, are slightly higher than the category average.
Despite these factors, Invesco Gold & Special Minerals A (OPGSX) still holds a high Zacks Mutual Fund rank, making it a potential choice for investors. To further research Sector – Precious Metal funds, investors can visit www.zacks.com/funds/mutual-funds for more information and comparisons to peers.
