Bringing you live news and features since 2006 

Flexible Plan Investments launches market’s first gold bullion mutual fund


Flexible Plan Investments has launched The Gold Bullion Strategy Fund (QGLDX).

The mutual fund seeks to generate returns reflecting daily changes in the price of gold bullion. This is the first time this type of gold bullion fund has been offered to retail investors through a mutual fund product.
Until now, gold bullion index strategies were only available through exchange-traded funds (ETFs). However, many ETFs that invest in commodity futures contracts are subject to Schedule K-1 tax reporting rules, which can cause investors to have to delay in filing their tax returns while at the same time requiring them to file tax returns in multiple states and deal with unrelated business taxable income. The Gold Bullion Strategy Fund will distribute the conventional Form 1099, familiar to most mutual fund investors, rather than multiple Schedule K-1 tax forms and does not generate unrelated business taxable income.
"Gold bullion has been viewed as a consistent hedge against inflation by many advisors and their clients, but when the asset class finally bore fruit over the past decade, gold mining equity funds did not track the gains well, and only ETF investors could access the robust returns delivered by gold bullion," says Jerry Wagner, president of Flexible Plan and one of the fund’s portfolio managers. "The launch of The Gold Bullion Strategy Fund enables us to offer our four gold-focused separately managed account strategies to a wider array of investors through a mutual fund vehicle."
The fund will invest in gold bullion ETFs and derivatives in seeking to reflect daily changes in the price of gold bullion. In addition, the Fund will allocate assets to investment-grade corporate notes and bonds in order to produce interest income, accomplish its tax strategy and preserve principal.
Flexible Plan and Advisors Preferred serve as sub-advisor and advisor to the fund, respectively. Z. George Yang, director of research at Flexible Plan, is the fund’s portfolio manager together with Wagner.

Latest News

REX Shares has announced a strategic reorganisation that integrates its REX Shares, MicroSectors, and T-REX products, as well as REX..
Allspring Global Investments writes that as it builds an investment platform for the future, it has filed for exemptive relief..
LSEG Lipper writes that ETF promoters in Europe enjoyed estimated net inflows (+EUR25.1 billion) for May 2024...
The European Fund and Asset Management Association (EFAMA) has published its 2024 industry Fact Book, which includes a foreword by..

Related Articles

Marcus Wayerer, Franklin Templeton
Franklin Templeton says that emerging markets are navigating a tricky environment at the moment, due to factors such as the...
Matt Barry, Touchstone Investments
Back in 2022, Cincinnati, Ohio-based Touchstone Investments launched its first four ETFs, having previously been predominantly a mutual fund company....
CN Tower, Toronto
The winners were announced in the second ETF Express Canadian awards at the event held at The Quay in Toronto,...
Darren Jordan, Komainu
Custody specialist, Komainu, was launched in 2018 as a joint venture between Nomura, digital-asset investment manager, CoinShares and blockchain business,...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by