WAY unveils Gold and Green funds

The funds will be run by external managers and advised by WAY's recently established Star Chamber of eight independent managers. Its gold vehicle is a long-only portfolio which will predominantly invest in global blue chip gold mining companies, but can also buy mid and small cap stocks. The vehicle can also hold up to 10% in other funds such as ETFs and Gold ETCs. The fund will be managed by Ian Williams of gold specialists Charteris Treasury Portfolio Managers, a discretionary manager set up 26 years ago. WFM sales and marketing director Eddie O' Gorman says: "Gold has been a cle...