It's no surprise that gold mutual funds have been on a tear recently. But not all funds are created equal. Some funds, such as Van Eck's International Investors Gold fund (INIVX
), far outshine even gold's lustrous 23.7% annualized rise over the past five years.
Its 29% annualized five-year returns, including reinvested dividends, make it the top-performing gold fund since 2005. Longtime manager Joe Foster, a geologist by training, has his biggest bets in miners Kinross Gold, Agnico-Eagle Mines, and Goldcorp. All fund data provided by Morningstar.