Precious metals portfolios focus on mining stocks, though some do own small amounts of gold bullion. Most portfolios concentrate on gold-mining stocks, but some have significant exposure to silver-, platinum-, and base-metal-mining stocks as well. Precious-metals companies are typically based in North America, Australia, or South Africa.
Abbreviation: SP
Broad Asset Class: Alternative
Primary Index: ML USD LIBOR 3 Mon CM
Secondary Index: MSCI World Metals & Mining USD