| The downturn in the international commodities markets has hit select global funds investing in themes such as mining, commodities, gold and Latin America.Most of these products, launched in the past five to six years, have performed poorly in terms of their NAV (net asset value) growth, which was in the range of 2-28 per cent in the past 12 months, data collated by ICICIdirect show.
While the themes may have commodities in their names, the funds actually invest in shares of companies linked with a dominant theme. For example, the gold funds actually invest their money in firms whose primary economic activity is gold mining..........................................Full Article: Source
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