For this episode of our Sightline Manager Conversations Part II series, Sightline Wealth Management’s Warren Gerow speaks with Maria Smirnova and Shree Kargutkar, co-senior portfolio managers of the Sprott Asset Management LP’s Gold Team, which is the subadvisor to the Ninepoint Gold and Precious Minerals Fund and the Ninepoint Silver Equity Fund. During our first conversation with the subadvisor team last year, we learned about the ways gold and silver equities can provide long-term capital growth. Now, Smirnova and Kargutkar join Gerow to explain why their long-term views towards gold and silver equities have not changed despite their recent performance and other market watchers saying otherwise.
Specifically, Gerow, Smirnova and Kargutkar discuss:
- Gold and silver’s relationship with inflation
- Current long-term views on gold and silver
- The factors needed to push gold and silver prices higher in the future
- Which precious metal they are the most bullish about and the reasons why
- The number of names in the gold and precious metals portfolio
- Why the precious minerals fund has a bias toward small and mid-cap companies
- The precious minerals fund’s current AUM and changes in levels of inflow
- Why there is a big emphasis on exploration companies within the silver fund
- The number of names in the silver fund
- Why both funds have traditionally outperformed the index
- Why gold and silver are undervalued instead of overvalued
You can listen to Gerow, Smirnova and Kargutkar’s entire conversation here. As always, please do not hesitate to contact us at (416) 945-6228 with any questions.
Warren Gerow is an independent investment wealth consultant at Sightline Wealth Management.
Sightline Wealth Management LP (“Sightline”) is an investment dealer and is a member of the Investment Industry Regulatory Organization of Canada (IIROC) and the Canadian Investor Protection Fund (CIPF). Sightline provides management and investment advisory services to high-net-worth individuals and institutional investors primarily through fee-based accounts.
Sightline Wealth Management LP is a wholly owned subsidiary of Ninepoint Financial Group Inc. (“NFG Inc.”). NFG Inc. is also the parent company of Ninepoint Partners LP, it is an investment fund manager and advisor and exempt market dealer. By virtue of the same parent company, Sightline is affiliated with Ninepoint Partners LP. Information and/or materials contained herein is for information purposes only and does not constitute an offer to sell or solicitation to purchase securities of any issuer or any portfolio managed by Sightline Wealth Management or Ninepoint Partners, including Ninepoint managed funds.
Sightline Wealth Management (“Sightline”) makes every effort to ensure that the information has been derived from sources believed to be reliable and accurate. However, Sightline assumes no responsibility for any losses or damages, whether direct or indirect, which arise out of the use of this information. Sightline is not under any obligation to update or keep current the information contained herein. The information should not be regarded by recipients as a substitute for the exercise of their own judgment. Past performance is not indicative of future performance. Please speak to your Advisor regarding the suitability of information provided in this article for you. The opinions, estimates, projections and/or recommendations contained in this document are those of the author as of the date hereof.