Fixed Deposit
3–5%
Nominal return before inflation. Safe and predictable, but barely keeps pace with the cost of living over a decade.
Gold-mining leverage via Schroder ISF Global Gold — active management by James Luke, beating GDX in 7 of 10 years including +185% vs +145% in 2025.
| Metric | Value | Context |
|---|---|---|
| NAV (Jan 2026) | RM1.19 | Per unit, after distributions |
| One-Year Return | +111% | Total return, 2025 |
| Fund Size | RM497 million | Assets under management, Mar 2026 |
| 5-Year Annualised | 22.0% | Compound per annum |
| Risk Rating | Very High | Factsheet classification |
| Sales Charge | Up to 5.50% | 3% via EPF-MIS |
Schroder ISF Global Gold holds ~87 miners — Barrick, Alamos, Agnico Eagle, AngloGold, Equinox. Active mid/small-cap tilt for higher leverage to rising gold.
Mining costs are largely fixed — equipment, wages, lease obligations. When gold rises, revenue climbs while costs stay flat, so profit margins expand dramatically.
Equity markets reprice the miners higher as cash flow accelerates. Fund NAV tracks this re-rating — Schroder delivered +185% in 2025 vs GDX +145%.
| Volatility | Very high — the designation carried in the fund's factsheet. Drawdowns of 30–50% have occurred in prior cycles (e.g. -19% in 2021). |
| Sector concentration | 100% gold miners. When the gold cycle turns, there is nowhere to diversify inside the fund. |
| No income | Accumulation only — no distributions. Returns come purely from capital appreciation. |
| Currency | MYR class: full USD/MYR swing. MYR Hedged class shields FX but costs ~1.5–2% p.a. Choose based on your FX view. |
| Capital | Not guaranteed. A client must be able to tolerate a material loss of principal during a gold bear market. |
| Investor profile | Growth-oriented investors with a long time horizon and tolerance for equity-market volatility. |
| Portfolio role | Tactical / thematic satellite. Typically 5–15% of overall portfolio, held as a commodity-cycle hedge. |
| Minimum holding | Three to five years, to allow gold's cyclical pattern to work through. Short-term entries are not advised. |
| Subscription | Minimum RM100 initial and additional. EPF-eligible under the members' investment scheme. |
This material is prepared for private discussion with a client. Performance figures reflect historical returns and are not a guarantee of future results. Please read the fund's prospectus, Product Highlights Sheet, and all disclosure documents before making an investment decision. New PHS (Schroder underlying) pending from RHB AM — verify fees and class minimums before client presentation. Investments carry risk.