Among the list of top preforming investments products, gold and silver funds have come up on top this year so far. Benefiting from a huge price rise of precious metals thanks to the fears about the global economy. The Precious-metal funds tops the 10 best-performing mutual funds both in the US and Europe.
Said the double an investor’s money during the first seven months of 2016 according to data produced by Morningstar. An analyst for the company Fatima Khizou said investors had flocked to precious metals on the back of weak economic data in the US, while the UK’s vote to leave the EU also had a “drastic impact” on demand.
The World Gold Council said last week that investor demand for the metal hit a record high in the first half of 2016. The gold price is up 25% this year, to $1,330 per ounce.